Morgan Stanley launches low-fee bitcoin ETF

Morgan Stanley is entering the bitcoin ETF market with a proposed fund priced at 14 basis points, making it the lowest-cost option available. This aggressive pricing strategy aims to attract assets from higher-fee competitors and leverage the bank's extensive wealth management network. If approved, this would be the first spot bitcoin ETF directly issued by a major U.S. bank, potentially igniting a fee war among existing providers and signaling a new phase of competition driven by cost and distribution.