So, Morgan Stanley just decided it’s a good idea to throw a Bitcoin ETF into the mix. Because we all know what breaks the world’s economy-nothing, just a bunch of stupid people voting for a new financial product.
They’re calling it the Morgan Stanley Bitcoin Trust, or MSBT for short. And only smarty-pants who control over nine trillion dollars of assets get the first dibble on it. Amazing.
Allyson Wallace, the global head of ETFs who probably reads the news in a constant stream of “Bigger, Faster, Cheaper,” told Bloomberg that Bitcoin is here to stay. I mean, if they’re so sure, who am I to say otherwise?
“We really wanted to show our commitment by having that lower fee.” – which is great until you realize people are excited because a lower fee means nobody has to pay a penny of their life savings for something that might actually be a joke.
“The demand, especially from the high-net-worth investors, has been quite high. Viewed at the firm level, this is an asset class that is not going away.” Clear? They’re basically shouting that more wealthy knees are going to pinch themselves with this investment plan. Appropriate.
And the best part, folks: this new spot Bitcoin ETF has a 0.14% annual expense ratio. Great! That’s smaller than BlackRock’s 0.25% by 11 basis points. Hooray for folks with a sense of financial humility.
This means Morgan Stanley claims to be the cheapest option among the U.S. spot Bitcoin ETFs. So if you’re a millionaire, you can put your money in this trust and still have that extra pocket change to buy a silly novelty hat at the ticket counter. Beat that!
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2026-04-08 19:21