Morgan Stanley to Launch Bitcoin ETF at 0.14% Fee, Beacon Cuts Stake 7.2%
Beacon Investment Advisory Services cut its Morgan Stanley stake by 7.2%, selling 21,604 shares to hold 277,964 shares. Morgan Stanley plans to launch the spot Bitcoin Trust ETF at a 0.14% annual fee pending SEC approval, undercutting BlackRock’s 25 basis points iShares product and leveraging its 16,000-advisor network.
1. Beacon Cuts Morgan Stanley Stake
Beacon Investment Advisory Services reduced its Morgan Stanley holdings by 7.2% during the period, selling 21,604 shares to end with 277,964 shares on record.
2. Launch of Morgan Stanley Bitcoin Trust
Morgan Stanley filed for SEC approval to introduce the Morgan Stanley Bitcoin Trust spot ETF, proposing a 0.14% annual fee upon launch.
3. Fee War in Spot Bitcoin ETFs
The planned 14 basis points fee undercuts BlackRock’s 25 basis points iShares Bitcoin Trust, signaling an aggressive pricing strategy in the ETF market.
4. Advisor Network Enables Distribution
With over 16,000 financial advisors, Morgan Stanley aims to leverage its extensive distribution network to drive rapid inflows into the new Bitcoin ETF.