Morgan Stanley Unveils Bitcoin ETP With 0.14% Fee
Key Takeaways:Morgan Stanley Enters Bitcoin ETP MarketInstitutional Setup Behind the ProductDual-custody ApproachHow MSBT WorksRisks Investors Should KnowExpanding Crypto Offerings on Wall Street
The introduction is in tandem with Morgan Stanley Investment Management venturing into the digital space. The company operates an estimated 1.9 trillion, and develops additional crypto-linked investment products. There is an institutional growing need to be regulated to crypto exposure. Offering a less costly entry point are products such as MSBT, particularly where a portfolio cannot directly own digital assets. The move by Morgan Stanley squeezes the competition and indicates a shift in traditional finance into the crypto industry. Read More: Morgan Stanley Names Digital-Asset Strategy Chief as Crypto ETFs and Wallet Plans AccelerateAbout Author
