- Morgan Stanley has filed for a spot Bitcoin ETF with a proposed fee of 0.14%, which would make it the cheapest in the US market.
- The investment bank’s move could spark a fee war and, if approved, would make Morgan Stanley the first bank to issue such a fund.
- The firm has also filed for a suite of crypto ETFs, including for Solana and a staked Ether product, and has applied for a national trust banking charter.
- The bank’s roughly 16,000 financial advisors, who manage $6.2 trillion in client assets, could now recommend its own low-cost product.
Investment bank Morgan Stanley is poised to ignite a new fee war after proposing a record-low 0.14% fee for its pending spot Bitcoin ETF. Regulatory approval would position it as the first banking issuer in the $83 billion market, targeting its own massive network of financial advisors.
The ultra-low fee undercuts the current cheapest fund by one basis point and is “likely to launch in early April,” according to Bloomberg ETF analyst James Seyffart. Fellow analyst Eric Balchunas said it would prevent conflicts for the bank’s advisors managing $6.2 trillion. Consequently, rivals may be forced to cut their own fees to remain competitive for investor capital.
This aggressive move signals a major strategic shift for the previously crypto-hesitant firm. Meanwhile, Morgan Stanley appointed a long-standing executive in January to lead its digital asset push.
The bank has also filed for a Solana ETF and a staked Ether ETF. It further applied for a national trust banking charter in February to expand its crypto service capabilities.
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