Bitcoin ETF Race: Morgan Stanley Prepares to Compete with BlackRock IBIT
Key Insights: Morgan Stanley filed paperwork with regulators on March 17 to launch its own Bitcoin ETF called MSBT. This makes Morgan Stanley the first major US bank to issue a Bitcoin ETF directly rather than just recommend other companies’ products. The move puts the bank in direct competition with BlackRock’s IBIT and Fidelity’s FBTC
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