Morgan Stanley Launches Bitcoin ETP with Attractive Fee

Morgan Stanley, a leading financial institution, has made a bold move into the cryptocurrency space by launching an exchange-traded product (ETP) called MSBT. The ETP allows investors to gain exposure to Bitcoin without directly owning it, making it an attractive option for institutional investors who are looking to diversify their portfolios.

The MSBT is designed to track the performance of Bitcoin using a pricing benchmark, and its expense ratio is set at 0.14%, which is among the lowest in the market. The fund does not hold assets directly but instead tracks the price movements of Bitcoin, making it a more efficient and cost-effective option for investors.

One of the key features of the MSBT is that it provides a dual-custody approach, which involves both traditional and crypto-native infrastructure to ensure regulatory compliance and operational experience in crypto storage. This approach simplifies the process for investors who do not want to have wallets and private keys.