Morgan Stanley Debuts Bitcoin ETF as Price Slump Rattles Holders
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Morgan Stanley is launching a Bitcoin-tracking exchange-traded fund, the Morgan Stanley Bitcoin Trust, on NYSE Arca with an expense ratio of 14 basis points. The fund will compete with other spot-Bitcoin ETFs, including those from Grayscale Investments and BlackRock, and is seen as a milestone for the digital-asset ecosystem.
Morgan Stanley is launching a Bitcoin ETF. The Morgan Stanley Bitcoin Trust will debut on NYSE Arca with a 14 basis points expense ratio, making it the cheapest fund in the category. It will join over 10 spot-Bitcoin ETFs with over $85 billion in assets. The launch underscores the growing influence of large institutions in the Bitcoin market. Despite a 40% price slump, Morgan Stanley and other investors remain committed to the asset class.
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