TLDR Tech / Fintech
Morgan Stanley launches Bitcoin ETF with lowest fee on market
Morgan Stanley became the first major Wall Street bank to launch a bank-issued spot Bitcoin ETF, listing the Morgan Stanley Bitcoin Trust on NYSE Arca at a fee of 0.14%, undercutting BlackRock's IBIT at 0.25%. The fund drew $33.9M and 1.6M shares on its first day of trading. The broader spot Bitcoin ETF market now holds over $85B in assets, with BlackRock's IBIT accounting for roughly $55B.
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