Morgan Stanley Unveils Proposed Spot Bitcoin ETF with Industry-Leading Fee

Morgan Stanley has taken a major step forward in its plans to launch a spot Bitcoin ETF. In an amended registration statement filed with the US Securities and Exchange Commission (SEC), the bank proposed a sponsor fee of 0.14% for the fund, making it the least expensive spot Bitcoin product available to US investors.

The proposed ETF would be issued directly by a major US bank, marking a significant development in the cryptocurrency market. It is expected to launch in early April and could have a major impact on the balance of crypto ETF activity on Morgan Stanley's platform.

According to Bloomberg analyst James Seyffart, the pricing of the fund is a 'big move' that would make it more likely for financial advisors to recommend a Bitcoin allocation. The bank's distribution network, which oversees approximately $6.2 trillion in client assets, is central to its strategy.