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Bitcoin News: Morgan Stanley Just Launched the Cheapest Bitcoin ETF on the Market
Morgan Stanley’s MSBT charges 0.14% per year, undercutting BlackRock’s IBIT at 0.25% to become the cheapest spot Bitcoin ETF on the market.
MSBT pulled in $34 million on its first day of trading and purchased 430 BTC, putting it in the top 1% of all ETF launches over the past year.
Morgan Stanley’s 16,000 financial advisors have been recommending Bitcoin ETFs since 2024 and can now direct clients into MSBT instead of sending money to competitors like BlackRock or Fidelity.
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Morgan Stanley once called Bitcoin (CRYPTO: BTC) worthless. In 2017, the bank’s analysts published a research note arguing that Bitcoin’s true value could be zero. Nine years later, Morgan Stanley has launched its own spot Bitcoin ETF, making it the first major U.S. bank to issue one under its own name.
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