BitLo on nostr

Open in Damus

For those who care, looks like Morgan Stanley’s BTC ETF will launch next week. 14bps fee vs. Blackrock & Fidelity 25bps fee. Some cannibalization from IBIT & FBTC and new flows from MS wealth mana...

BitLo @BitLo 1774744867

No fees on first 5 billion of Morgan Stanley in-flows.

1

Prediction: huge inflows from tax-advantaged FBTC holders proportionally more than IBIT holders. IBIT has a bit of an advantage with larger players who currently leverage IBIT’s deep liquidity to play their fiat games.