Morgan Stanley's spot Bitcoin ETF has a management fee of 0.14%, lower than all competitors.

According to Mars Finance, on March 29th, Morgan Stanley filed a revised S-1 document with the SEC on March 28th, announcing that its proposed spot Bitcoin ETF (MSBT) will charge an annualized "management sponsorship fee" of 0.14%, making it the lowest fee for a spot Bitcoin ETF in the US market. If approved, this will be lower than Grayscale's Bitcoin Mini Trust's 0.15% fee and 11 basis points lower than BlackRock and Fidelity's spot ETFs' 0.25% fee. The ETF is planned to list on the NYSE with an initial size of 10,000 shares and a seed investment of $1 million. Custodians include Coinbase and BNY Mellon, and it is expected to launch in early April. 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.