Morgan Stanley launches MSBT bitcoin ETF to rival
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Morgan Stanley's MSBT opens today, aiming to rival BlackRock's IBIT with a 0.14% fee and its $7 trillion wealth management engine.
- CoinDesk notes the U.S. bank, with $1.9 trillion in assets, could debut its bitcoin ETF on Wednesday.
- A Bloomberg analyst, as reported by Decrypt, suggests a "captive audience" could significantly drive demand for Morgan Stanley's Bitcoin ETF.
Why it matters: Morgan Stanley's MSBT could significantly shift market share from BlackRock's $55 billion IBIT fund.
Ask SkimNews
