Morgan Stanley launched its Bitcoin ETF to counter BlackRock’s dominance of crypto.
The Morgan Stanley Bitcoin Trust (MSBT) is now available to clients of the bank, which has more than $9 trillion in assets.
The bank’s global head of ETFs, Allyson Wallace, they tell us Bloomberg that the numbers show that Bitcoin is here to stay.
“We really wanted to show our commitment by having a minimum wage.
Demand, especially from value investors, has been tremendous. Looking at the company level, this is a financial group that is not going away. “
The price of the Bitcoin ETF (MSBT) is 0.14% per year.
That undercuts BlackRock’s iShares Bitcoin Trust (IBIT) fee of 0.25% by 11 basis points, making it the least expensive option among major US ETFs.
Follow us X, Facebook and Telegram
Don’t Miss Out – Sign up to receive email notifications straight to your inbox
Swimming Daily Hodl Mix
 
Disclaimer: The views expressed in Daily Hodl are not financial advice. Investors should do their due diligence before making any risky investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any assets including cryptocurrencies, nor is The Daily Hodl a financial advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image Created: Midjourney
