Morgan Stanley's Bitcoin ETF launches today, seen as top rival to BlackRock

Morgan Stanley's Bitcoin ETF (MSBT), which launches today, could emerge as the biggest competitor to BlackRock's spot Bitcoin ETF (IBIT), CoinDesk reported. IBIT currently leads the crypto ETF market in liquidity. The outlet noted that MSBT could challenge BlackRock's dominance with its industry-low management fee of 0.14% and a $7 trillion asset management network. However, Bloomberg analyst James Seyffart commented that while the launch could impact the market, it remains to be seen whether it can draw funds away from other ETFs. He added that IBIT is currently the most liquid ETF, and it will not be easy for MSBT to catch up in the short term.