Morgan Stanley has amended its registration filing for a proposed spot Bitcoin exchange-traded fund, setting a 0.14% management fee that would be the lowest in the market if approved by the U.S. Securities and Exchange Commission (SEC). The ETF, expected to trade under the ticker MSBT, would enter an estimated $85 billion to $92 billion U.S. spot Bitcoin ETF market. Competing products include Grayscale's Bitcoin Mini Trust at 0.15%, while BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund each charge 0.25%. Morgan Stanley, which reports $6.2 trillion in client assets and employs about 16,000 financial advisors, has accelerated its push into digital assets after previously taking a more cautious stance. The bank filed initial applications for a spot Bitcoin ETF and a spot Solana ETF on Jan. 6, 2026, followed soon after by a staked Ether ETF filing. It also named longtime executive Amy Oldenburg to lead its digital-asset strategy. In an amended S-1 filed on March 17, Morgan Stanley disclosed a $1 million seed investment and identified Coinbase and BNY Mellon as proposed custodians. About a week later, the New York Stock Exchange issued an official listing notice for the product, describing its launch as "imminent". Beyond the spot Bitcoin ETF, the bank applied in mid-February for a national trust banking charter aimed at offering crypto custody, trading and staking services. Morgan Stanley now recommends clients allocate 2% to 4% of portfolios to cryptocurrencies, including within IRAs and 401(k) plans. Large banks are expanding crypto and blockchain exposure through ETFs, tokenized fiat deposits and tokenized real-world assets, even as disputes persist with stablecoin issuers over yield-farming practices. JPMorgan Chase, Standard Chartered and Goldman Sachs are among the firms pushing further into the sector, contributing to broader institutional acceptance of crypto in global finance.

PANews, March 28 — On-chain tracker Lookonchain reported that New York Digital Investment Group (NYDIG) sent 4,500 BTC, worth about $295.5 million, to Wintermute, Cumberland, FalconX, B2C2 Group and Galaxy Digital around eight hours ago. The transfers may be intended for a sale.

Odaily Planet Daily reported that Lookonchain data show NYDIG sent about 4,500 BTC to several market makers around eight hours ago. The recipients included Wintermute, Cumberland, FalconX, B2C2 Group and Galaxy Digital. The transfers were valued at roughly $295.5 million.

On-chain tracker Lookonchain reported that NYDIG sent 4,500 BTC, valued at about $295.5 million, to Wintermute, Cumberland, FalconX, B2C2 Group, and Galaxy Digital roughly eight hours ago. The transfers may be tied to a potential sale.

A large Bitcoin holder appears to have sold 4,500 BTC (about $295.5 million). Blockchain data shows NYDIG moved 4,500 BTC—valued at roughly $295.5 million—to Wintermute, Cumberland, FalconX, B2C2 Group and Galaxy Digital about eight hours ago, a flow typically associated with preparing coins for sale.

Morgan Stanley's proposed spot Bitcoin ETF would carry a 0.14% expense ratio if approved, positioning it as the lowest-fee product in the BTC ETF market.

Morgan Stanley intends to set a 0.14% (14-basis-point) expense ratio for its proposed spot Bitcoin ETF, according to a revised filing with the U.S. Securities and Exchange Commission (SEC) cited by CoinDesk. If the fund wins approval, it would undercut current pricing across the segment. Fees for spot Bitcoin ETFs generally run about 15 to 25 basis points, with the lowest currently offered by the Grayscale Bitcoin Mini Trust ETF at 0.15%. Larger offerings, including BlackRock's iShares Bitcoin Trust (IBIT), charge 25 basis points.

PANews, March 28 — CoinDesk reports that Morgan Stanley has outlined pricing for its proposed spot Bitcoin ETF. An amended filing with the U.S. Securities and Exchange Commission (SEC) lists an expense ratio of 0.14% (14 basis points). If the product is approved, it would undercut all existing spot Bitcoin ETFs on fees. Industry pricing generally sits between 15 and 25 basis points. Grayscale's Bitcoin Mini Trust ETF currently offers the lowest fee at 0.15%, while larger products such as BlackRock's iShares Bitcoin Trust (IBIT) charge 25 basis points.

Morgan Stanley has set pricing for its proposed spot Bitcoin ETF, according to CoinDesk, as cited by ChainCatcher. An amended filing submitted to the U.S. Securities and Exchange Commission (SEC) shows the fund would carry a 0.14% expense ratio, or 14 basis points. If approved, it would become the cheapest spot Bitcoin ETF on the market. Fees across competing products generally run between 15 and 25 basis points. Grayscale's Bitcoin Mini Trust ETF currently posts the lowest published fee at 0.15%, while larger offerings such as BlackRock's iShares Bitcoin Trust (IBIT) charge 25 basis points.