Summary
- Morgan Stanley’s spot Bitcoin exchange-traded fund (ETF), MSBT, will list on NYSE Arca, with trading set to begin on the night of Aug. 8, Korea time.
- MSBT charges a 0.14%% fee, the lowest among existing ETFs, raising the prospect of fee-cut competition among major rivals including BlackRock’s IBIT and Fidelity’s FBTC.
- Morgan Stanley is using the ETF launch to accelerate its digital-asset business expansion, after naming Coinbase and BNY Mellon as custodians and pursuing a staking Ethereum ETF and a Solana ETF listing.
Forecast Trend Report by Period
Morgan Stanley’s spot Bitcoin exchange-traded fund is set to debut on the market.
Cointelegraph reported on Aug. 8 that Morgan Stanley’s Bitcoin ETF, the Morgan Stanley Bitcoin Trust, or MSBT, will list on NYSE Arca. Trading will begin on the night of Aug. 8, Korea time.
The product is significant because it is the first Bitcoin ETF launched by a major U.S. commercial bank. It is also the first new spot Bitcoin ETF in about two years since Grayscale Bitcoin Mini Trust launched in July 2024.
MSBT charges a 0.14% fee, the lowest level among existing Bitcoin ETFs. The pricing could spark fee-cut competition among major rivals including BlackRock’s IBIT and Fidelity’s FBTC.
BlackRock and Fidelity currently dominate the Bitcoin ETF market. Their two products have posted combined net inflows of $74.3 billion since launch.
With the ETF debut, Morgan Stanley is stepping up its expansion in digital assets. The bank previously chose Coinbase and BNY Mellon as custodians. Earlier this year, it also applied for a banking license to broaden services including digital-asset custody, trading and staking.
Morgan Stanley is also pursuing listings for a staking Ethereum ETF and a Solana ETF, further strengthening its digital-asset business.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
