Morgan Stanley's Bitcoin ETF Takes On IBIT

Description

Morgan Stanley just launched MSBT — the first spot Bitcoin ETF issued by a major U.S. bank — with a 0.14% fee that undercuts every rival on the market, including BlackRock's IBIT. Bloomberg Intelligence ETF analyst James Seyffart joins Laura Shin to break down what the launch means for the Bitcoin ETF fee war, whether MSBT can challenge IBIT's dominance, and what Morgan Stanley's plans for Ethereum and Solana ETFs signal about where Wall Street is headed. Plus: MicroStrategy just posted a $14.5 billion unrealized loss in Q1 — and immediately bought $330 million more Bitcoin anyway.