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Morgan Stanley is set to launch its spot bitcoin ETF, MSBT, tomorrow. The product will be priced 11 basis points lower than IBIT, according to Adam Livingston.
The ETF targets financial advisors who oversee $9.3 trillion in client assets across 16,000 professionals. The firm has also recommended up to a 4% allocation to crypto, underscoring a bullish stance on bitcoin.
Bitcoin’s volatility remains in focus for Livingston, who previously noted a sharp decline after a Trump tweet raised geopolitical concerns. He has also pointed out that bitcoin at $70,000 prompted more public fear than long-term car debt. These perspectives come as Morgan Stanley moves to attract advisors and clients with its new ETF.