Morgan Stanley MSBT BTC ETF lists NYSE tonight, COIN custodian
Key Questions
What is the MSBT ETF and when is it listing?
MSBT is Morgan Stanley's Bitcoin spot ETF, listing on the NYSE Arca tonight. It is the first Bitcoin ETF from a major commercial bank in the US. The ETF uses Coinbase as its custodian.
What are the fees for the MSBT ETF?
The MSBT ETF has a fee of 0.14%. This low fee positions it competitively amid fee pressure from platforms like Robinhood and Coinbase's Base.
What recent transfers did BlackRock make involving Coinbase Prime?
BlackRock received 2,607 BTC worth $177.56 million and 28,391 ETH worth $59 million from Coinbase Prime, as tracked by Lookonchain. This validates growing TradFi interest in BTC/ETH spot ETFs with Coinbase custody, alongside BTC at $70k and total ETF AUM at $87-90B.
MSBT launch with 0.14% fees/COIN custody; BlackRock receives 2,607 BTC ($177.56M)/28,391 ETH ($59M) from COIN Prime via Lookonchain validates TradFi BTC/ETH spot ETF AUM/custody upside post-Schwab; BTC $70k/ETFs $87-90B but fee pressure vs RH/HOOD/Base amid OCC/AFSL/GENIUS/Dimon.