Just saw Morgan Stanley launched a Bitcoin ETF with a 0.14% fee - that's wild, basically the cheapest option out there. Pulled in $100 million in the first week which honestly isn't shocking given how aggressive the fee structure is. The Bitcoin ETF space has gotten so competitive lately, everyone's racing to the bottom on costs. Makes you wonder if we're finally seeing institutions treating crypto products like any other asset class instead of the premium play. That 0.14% is basically stealing at this point compared to what some of these other Bitcoin ETF offerings were charging even a year or two ago. Institutional money definitely follows the fees - lower barrier means more capital flowing in. Curious if this sparks another round of fee cuts or if we've hit the floor on Bitcoin ETF pricing.

BTC-0.62%
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