J.P. Morgan Launches Bitcoin Spot ETF with Management Fee of 0.14%, Lower Than All Competitors

BlockBeats News, March 29, Morgan Stanley submitted an amended S-1 filing to the SEC on March 28, announcing that its proposed spot Bitcoin ETF (MSBT) will charge a 0.14% annualized "sponsorship fee," making it the lowest-cost spot Bitcoin ETF in the U.S. If approved, it will have a lower fee than Grayscale's Bitcoin Trust at 0.15% and 11 basis points lower than the 0.25% fee of BlackRock and Fidelity spot ETFs. The ETF is planned to be listed on the NYSE with an initial size of 10,000 shares, $1 million seed investment, and custodianship by Coinbase and BNY Mellon, expected to launch in early April.

Analysts believe this pricing is smart and competitive, likely to attract asset migration, as previous fee differentials have resulted in significant outflows from Grayscale's Bitcoin Trust to competing products.