- The price of Bitcoin is only 3% away from challenging the major trend of resistance on the daily chart.
- MSBT carries a transaction fee of 0.14%, placing it among the cheapest Bitcoin transactions to implement.
- The relative strength indicator (RSI) rising to 56% indicates another bullish trend in BTC price.
The price of Bitcoin has increased by about 4.8% in the last 24 hours to trade at the $72,100 mark. The reason for this was after the easing of tensions between countries in the Middle East when the US-Iran-Israel agreed to a temporary ceasefire. However, a The price of BTC shares they got more when Morgan Stanley Investment Management (MSIM) announced today the launch of Bitcoin Trust (MSBT) with the lowest fee in the market of 0.14%. How far can this recovery go?
Morgan Stanley Debuts Spot Bitcoin ETF with Market Rate of 0.14%
Morgan Stanley Investment Management launched a new innovation bitcoin tracking exchange-trade product on the NYSE Arca with the symbol MSBT. This trust is designed to track daily bitcoin price fluctuations in the CoinDesk Bitcoin Benchmark based on 4 PM New York fixed prices available on major real estate trading platforms.
The product is the first cryptocurrency ETP to be launched that is linked to a major US bank. MSBT will have a fee of 0.14 percent, which was the lowest among comparable bitcoin vehicles when it was launched.
Coinbase and BNY Mellon will work together on digital asset storage. BNY will also handle administrative, transfer agency, accounting, record keeping and financial services.
“ETPs remain a powerful way for investors to gain exposure to new asset classes within a transparent and regulated framework,” said Ally Wallace, Global Head of ETF Strategy at Morgan Stanley Investment Management.
The early developments were noticed by market watchers, such as Bloomberg analyst Eric Blachnucas grossed $5 billion in the first twelve months with opening day sales of up to $30 million.
The transaction expands MSIM’s offering, which already includes traditional and alternative currencies and exposure to bitcoin.
Bitcoin Price Is About to Hit Bottom or Below $73k
On Wednesday US market hours, a The price of Bitcoin saw a short-term decline of about 1%, hovering around $72,000. The pullback may have come as a relief after the stock rose sharply yesterday following the ban announcement.
However, this increase is biased towards buyers, meaning that it will rise by 3% before the price of the currency challenges the main trend of resistance. Since October 2025, the price of Bitcoin has been moving between two parallel lines, acting as strong resistance and support for traders.
If the sellers continue to defend this line, then the price of Bitcoin may retest the downside and drop by 11.5% to retest $2,500 and wait at $57,500.
Therefore, a strong explosion in this battle is very important for BTC to keep its price above $70,000 and increase the attempt to recover from the high resistance of $83,784.
