Morgan Stanley Joins Bitcoin ETF Race with Lowest Fee
Morgan Stanley has proposed a spot Bitcoin ETF charging 14 basis points (0.14%), positioning it as the lowest-fee entrant if the SEC grants approval. The bank's filing marks a notable escalation in the ETF fee race, following a broader industry trend of managers cutting expenses to win market share in the burgeoning spot-BTC fund space.
A sub-15 bps pricing point could meaningfully reduce long-term costs for passive Bitcoin investors and add pressure on competing issuers to lower fees. Approval is still required, and timing remains uncertain, but the proposal underscores how fee dynamics are becoming a key battleground for adoption and assets under management in the evolving crypto ETF market.