Morgan Stanley Launches Bitcoin ETF with 0.14% Fee and 16k Advisor Network
Morgan Stanley’s Bitcoin Trust ETF begins trading April 8 on the New York Stock Exchange with a 0.14% expense ratio, undercutting BlackRock’s 0.25% fee. The fund will leverage over 16,000 advisors overseeing $6.2 trillion in client assets to drive early adoption.
1. Launch and Trading Details
Morgan Stanley will list its Bitcoin Trust on the New York Stock Exchange on April 8, marking the first spot Bitcoin ETF launched by a major U.S. commercial bank and securing day-one distribution across its advisor network.
2. Fee Structure
The ETF debuts with a 0.14% expense ratio, undercutting BlackRock’s 0.25% fee for its iShares Bitcoin Trust and positioning itself as the lowest-cost legacy issuer product.
3. Advisor Network
Over 16,000 Morgan Stanley financial advisors overseeing $6.2 trillion in client assets will have direct access to the product, offering a built-in distribution channel to recommend Bitcoin allocations.
4. Strategic Positioning
Last year’s Global Investment Committee guidance recommending up to 4% crypto allocations, combined with Morgan Stanley’s brand strength and advisor reach, could drive meaningful adoption in a fiercely competitive ETF market.