A major U.S. bank undercuts Wall Street rivals on price to offer direct Bitcoin exposure
Investors can now access Bitcoin through a major U.S. bank’s newly launched ETF at an annual fee of 0.14%, undercutting BlackRock’s 0.25% charge. Morgan Stanley’s spot Bitcoin ETF, trading as MSBT on NYSE Arca, delivers direct exposure to the cryptocurrency without requiring self-custody. The fund’s lower cost positions it as a competitive entrant in a market that has drawn over $56 billion in inflows since January 2024. Bank of New York Mellon and Coinbase Custody are responsible for safeguarding the underlying Bitcoin. This move marks the first spot Bitcoin ETF from a major U.S. bank. Morgan Stanley has also filed for a spot Solana ETF and plans to offer trading in Bitcoin, Ethereum, and Solana on E*Trade by mid-2026.
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