
Morgan Stanley has filed updated paperwork with the U.S. Securities and Exchange Commission for a spot Bitcoin ETF, proposing a 0.14% annual management fee, the lowest among U.S. offerings if approved. The low-cost structure undercuts rivals like Grayscale and BlackRock and reflects the bank’s push into crypto investing. The ETF, set to trade under the ticker MSBT on NYSE Arca with custody from Coinbase and BNY Mellon, could reshape competition in the growing $90B Bitcoin ETF market.
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