Morgan Stanley has launched MSBT, positioning it as the cheapest spot Bitcoin exchange-traded fund in the market with a fee structure of 14 basis points (0.14%). The Wall Street investment banking giant's entry marks another major traditional financial institution embracing direct Bitcoin exposure products.
The 14 basis point fee undercuts existing Bitcoin ETF offerings, making MSBT the most cost-effective option for investors seeking spot Bitcoin exposure through traditional brokerage accounts. This aggressive pricing strategy suggests Morgan Stanley is prioritizing market share capture over immediate fee revenue.