Morgan Stanley Sets Aggressive Fee for Proposed Spot Bitcoin ETF

Morgan Stanley has filed an updated S-1 document with the US Securities and Exchange Commission, outlining its proposed spot Bitcoin ETF product, MSBT. The bank's management fee for the product is set at 0.14%, which would place it below several major competitors in the market.

The move by Morgan Stanley marks a significant step into the digital assets space, with the bank expanding its crypto push across various products and services. If approved, MSBT would give institutional investors direct access to Bitcoin, and could potentially increase adoption of cryptocurrencies among high-net-worth clients.