Wu said that Bloomberg ETF analyst Eric Balchunas tweeted that Morgan Stanley plans to launch a Bitcoin spot ETF with a fee rate of 0.14% (14 basis points), potentially becoming the lowest-cost product of its kind in the market, about 11 basis points lower than BlackRock's IBIT. It is expected to go live within the next two weeks; if approved, this will be the first Bitcoin spot ETF issued by a major bank and is expected to attract funds through its approximately 16,000 advisors and the channel managing $6 trillion in assets.

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