Morgan Stanley enters bitcoin ETF race with market-leading low fee

The bank priced its proposed spot bitcoin fund at 14 basis points, making it the lowest fund on the market, if approved. What to know : Morgan Stanley plans to launch a spot bitcoin ETF priced at 14 basis points, undercutting current low-cost rivals and potentially igniting a new fee war. Because spot bitcoin ETFs offer nearly identical exposure, Morgan Stanley's lower fee could prompt advisors to shift client assets from higher-cost funds. If approved, the MSBT fund would be the first spot bitcoin ETF issued directly by a major U.S. bank, leveraging Morgan Stanley's vast wealth management network to compete on cost and distribution.