<\/p>\n
Morgan Stanley has moved to price its planned spot Bitcoin ETF below every rival in the US, filing an amended S-1 with the Securities and Exchange Commission that sets the annual fee at 0.14%.\u00a0<\/p>\n
If approved, the Morgan Stanley Bitcoin Trust would trade on the NYSE under ticker MSBT and become the lowest-cost fund in a US spot Bitcoin ETF market that now holds about US$83 billion (AU$120 billion) in assets.<\/p>\n
The filing, first submitted in January 2026 and amended on March 27 and 28, places Morgan Stanley one basis point below the current low-fee leader, Grayscale Bitcoin Mini Trust, at 0.15%.\u00a0<\/p>\n
It also undercuts BlackRock\u2019s IBIT and Fidelity\u2019s FBTC, both at 0.25%, and is far below Grayscale\u2019s older GBTC product, which charges 1.50%. Bloomberg ETF analysts have pointed to a possible early April launch if the SEC grants approval.<\/p>\n
The fee cut has been seen as significant because spot Bitcoin ETFs largely compete on cost, issuer strength and distribution.\u00a0<\/p>\n
Bloomberg senior ETF analyst Eric Balchunas described the pricing as a \u201csemi-shock,\u201d while analyst James Seyffart called it a major move. The filing has added to expectations of a new round of fee pressure across the sector.<\/p>\n