- 0.14% management fee set for MSBT Bitcoin ETF
- Filed updated S-1 with SEC for approval
- Could become lowest fee in $85B–$92B ETF market
- Coinbase and BNY Mellon named custodians
- NYSE listing issued, launch described as “imminent”
- Bank recommends 2%–4% crypto allocation for clients
ETF Filing and Fee Structure
Morgan Stanley has set a 0.14% management fee for its spot Bitcoin ETF, trading under the ticker MSBT. The fee was disclosed in an updated S-1 registration filed with the U.S. Securities and Exchange Commission (SEC). If approved, the ETF would offer the lowest fee among competitors in the estimated $85 billion to $92 billion spot Bitcoin ETF market. Comparable fees include 0.15% for Grayscale Bitcoin Mini Trust, and 0.25% for products from BlackRock and Fidelity.
Timeline and Product Details: The bank initially filed for a spot Bitcoin ETF and a spot Solana ETF on January 6, 2026. It later submitted filings for a staked Ether ETF and appointed Amy Oldenburg as head of digital asset strategy.
On March 17, an amended S-1 revealed a $1 million seed investment and confirmed the MSBT ticker. The filing also named Coinbase and BNY Mellon as proposed custodians. Shortly after, the New York Stock Exchange (NYSE) issued an official listing, stating the product launch is “imminent.”
Broader Crypto Strategy
In mid-February, Morgan Stanley also applied for a national trust banking charter to provide crypto custody, trading, and staking services. The bank now recommends clients allocate 2% to 4% of portfolios to cryptocurrencies, including within IRAs and 401(k) plans. Other major financial institutions, including JPMorgan Chase, Standard Chartered, and Goldman Sachs, are also expanding involvement in blockchain and digital asset products such as ETFs, tokenized deposits, and tokenized real-world assets.
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