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Bloomberg ETF analyst Eric Balchunas said Morgan Stanley’s 16,000 financial advisors, who manage $6.2 trillion in client assets, would have no problem recommending the product at such low fees.Investment bank Morgan Stanley is seeking to launch its spot Bitcoin exchange-traded fund at a 0.
14% fee, which would make it the cheapest in the US market and potentially force rivals to cut fees to stay competitive.in Morgan Stanley’s latest S-1 registration statement on Friday, would be one basis point below the Grayscale Bitcoin Mini Trust ETF , currently the cheapest in the US market, and 11 basis points below the BlackRock-issued iShares Bitcoin Trust ETF .the low fee means that none of Morgan Stanley’s roughly 16,000 financial advisors — which manage $6.2 trillion in client assets — would feel conflicted in recommending the product to its clients.), Morgan Stanley’s ultra-low fee could spark a fresh fee war in the $83 billion market, putting immediate pressure on rivals to cut costs or risk losing assets. Regulatory approval would make Morgan Stanley the first bank to issue a spot Bitcoin ETF, expanding access to Bitcoin exposure for millions of its high-net-worth clients.later that week, and by the end of the month, the bank appointed one of Morgan Stanley’s longest-standing executives, Amy Oldenburg, to lead its digital asset team.on Feb. 18, seeking to custody certain digital assets and execute purchases, sales and swaps for clients in addition to staking services.Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy
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