Morgan Stanley's Bitcoin Spot ETF will be listed on the NYSE tonight, making it the first major commercial bank in the US to launch a Bitcoin ETF.

According to Mars Finance, the Morgan Stanley Bitcoin ETF (MSBT) will officially list on the New York Stock Exchange's Arca market tonight, April 8th, becoming the first major commercial bank in the US to launch a Bitcoin ETF. The NYSE issued a listing notice on Tuesday, confirming that MSBT will list on April 8th. The Morgan Stanley Bitcoin ETF has a management fee of 0.14%, lower than Grayscale's Bitcoin Mini Trust's 0.15%, making it the lowest in the current market. It is also 11 basis points lower than BlackRock and Fidelity's 0.25% fee. The ETF has an initial size of 10,000 shares, with a seed investment of $1 million, and custodians including Coinbase and Bank of New York Mellon. Analysts believe this pricing is smart and competitive, and is expected to attract asset migration, as similar fee differences have previously led to a significant outflow of Grayscale Bitcoin Trust assets to competing products. The MSBT listing is one of Morgan Stanley's major moves this year to expand into the crypto market. In February of this year, the bank applied for a national trust banking license to provide clients with crypto asset custody, trading, swaps, and staking services; in January of the same year, it also applied to list an Ethereum staking ETF and a Solana ETF. Bitwise advisor Jeff Park stated that Morgan Stanley's launch of the Bitcoin ETF is positive for Bitcoin, as there is still significant unmet demand in the market. The market size far exceeds the expectations of cryptocurrency professionals, especially in attracting new clients. Although IBIT has become the fastest ETF in history to reach $80 billion in AUM, Morgan Stanley still believes there is a large amount of real, unmet demand in the market. This sends a strong signal: we are still in the very early stages.