The Pricing War Begins

Morgan Stanley’s 50-basis-point fee is about half of Robinhood’s 95 basis points. Coinbase charges 60 basis points, while Schwab announced 75 basis points last month.

“This is much bigger than trading crypto at a cheaper rate,” Jed Finn, Morgan Stanley’s head of wealth management, stated. “In a way, the strategy is disintermediating the disintermediators.”

Morgan Stanley’s Broader Crypto Push

Spot trading on E*Trade is one piece of Morgan Stanley’s crypto expansion over the last year. 

The bank debuted a Bitcoin ETF last month, the first Wall Street bank to do so, and made it the cheapest fund in the category.

Morgan Stanley has Ether and Solana ETFs…

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