Morgan Stanley's Bitcoin ETF set to launch on Wednesday

Q: Quand l’ETF Bitcoin de Morgan Stanley doit-il commencer à être coté ?

L’ETF Bitcoin de Morgan Stanley doit faire ses débuts mercredi 8 avril sur NYSE Arca. Son lancement a été confirmé mardi dans un avis de cotation de la Bourse de New York. Le produit sera proposé sous le nom Morgan Stanley Bitcoin Trust (MSBT).

Q: Comment le nouvel ETF Bitcoin de Morgan Stanley se compare-t-il aux autres fonds spot ?

MSBT arrive sur un marché déjà dominé par l’IBIT de BlackRock et le FBTC de Fidelity. À eux deux, ces fonds ont enregistré 74,3 milliards de dollars d’entrées nettes depuis leur lancement en janvier 2024. Morgan Stanley mise sur des frais très bas de 0,14%, ce qui pourrait pousser ses concurrents à baisser leurs tarifs.

Morgan Stanley's Bitcoin ETF set to launch on Wednesday

Cointelegraph2h ago2 min readOriginal source →

Morgan Stanley’s Bitcoin exchange-traded fund is set to debut on the NYSE Arca stock exchange on Wednesday, making it the first major commercial bank to offer a Bitcoin ETF in the US.

The launch of the Morgan Stanley Bitcoin Trust (MSBT) on April 8 was confirmed in a listing notice by the New York Stock Exchange on Tuesday.

NYSE’s listing notice for MSBT’s launch on Wednesday, April 8. Source: NYSE

It would make MSBT the first spot Bitcoin (BTC) ETF product to enter the market in nearly two years, since crypto asset manager Grayscale introduced its Bitcoin Mini Trust ETF in July 2024.

MSBT is entering a competitive market led by BlackRock’s iShares Bitcoin Trust ETF (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC), which have tallied a combined $74.3 billion in net inflows since launching in January 2024, according to Farside Investors data.

While Morgan Stanley will be playing catch-up, the bank set the fee for MSBT at a market-low 0.14%, potentially pressuring rivals to cut costs to stay competitive.

“This bank happens to have 16k advisors managing $6T in assets. They are the ultimate gatekeepers of rich boomer money,” said Bloomberg analyst Eric Balchunas.

Source: James Seyffart

Morgan Stanley previously selected Coinbase and Bank of New York Mellon as the proposed custodians for its Bitcoin ETF.

Morgan Stanley has more crypto offerings in the pipeline

MSBT’s launch will add to Morgan Stanley’s aggressive push into the crypto market this year. The bank also applied for a national trust banking charter in February that would enable it to custody crypto, execute sales and swaps for clients, and offer staking services.

The Wall Street bank also filed to list a staked Ether (ETH) ETF and Solana (SOL) ETF in the first week of January. Later that month, it appointed one of the company’s longest-standing executives, Amy Oldenburg, to lead its digital asset team.

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