Today, Morgan Stanley’s Bitcoin ETF (MSBT) will begin trading at 16:30. It will be the first spot Bitcoin ETF launched by a major bank, with an expense ratio of approximately 0.14%, below that of its competitors. BlackRock’s ratio is 0.25%. Due to the advantage of its lower expense ratio, inflows from Morgan Stanley may gradually spread over several days, potentially supporting the price for a period. (Outlook)
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