Morgan Stanley, the Wall Street giant, is preparing to launch its Bitcoin ETF( tomorrow, which will be the first Bitcoin fund issued by a bank. This comes amid new inflows into Bitcoin funds, despite the ongoing US-Iranian war casting a shadow over high-risk assets.

Morgan Stanley's Bitcoin ETF will be launched tomorrow
In a post on X platform, analyst Eric Balchunas from Bloomberg pointed to the announcement of Morgan Stanley's Bitcoin ETF listing on the New York Stock Exchange, noting that it is expected to be launched tomorrow. As a result, the Wall Street giant will be the first bank to launch a Bitcoin fund, and this will be the thirteenth fund offered in the spot Bitcoin market.

The fund will be listed on the New York Stock Exchange under the ticker 'MBST'. As reported by CoinGape, Morgan Stanley's fund will compete with BlackRock's iBit fund, with an management fee of 0.14%, the lowest among current funds except for the VanEck fund, which is fee-exempt.

Balchunas previously pointed out that the low fees mean Morgan Stanley advisors will not feel conflicts of interest when using the bank's Bitcoin ETF. Meanwhile, the fund may also attract external assets thanks to its low fees.

Bloomberg analyst recently highlighted the importance of Morgan Stanley launching a Bitcoin ETF, noting that the bank manages client assets exceeding $7 trillion. The bank is currently ranked as the largest financial brokerage firm by client assets📈🚀❤️❤️❤️❤️❤️❤️❤️❤️