Summary
- Morgan Stanley’s Bitcoin (BTC) spot exchange-traded fund (ETF) launch was reported to be imminent.
- In an updated registration statement (S-1), it said it set the ETF fee at 0.14%.
- Because this is lower than the Grayscale Bitcoin Mini Trust ETF (0.15%) and BlackRock’s IBIT (0.25%), it said competition in the Bitcoin spot ETF market could intensify.
Forecast Trend Report by Period
With Morgan Stanley’s launch of a Bitcoin (BTC) spot exchange-traded fund (ETF) said to be imminent, the firm appears to have set fees at one of the lowest levels in the industry.
According to crypto-focused outlet CoinDesk on the 27th (local time), Morgan Stanley set the ETF fee at 0.14% in an updated registration statement (S-1).
That is lower than the Grayscale Bitcoin Mini Trust ETF (0.15%) and BlackRock’s IBIT (0.25%).
Market watchers say the pricing could further intensify competition in the Bitcoin spot ETF market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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