Morgan Stanley has also filed applications for ETFs tied to Ethereum and Solana, extending its digital product lineup beyond Bitcoin.
Bitcoin News
Morgan Stanley launched its spot Bitcoin exchange-traded fund last week, but the bank is already planning its next moves in digital assets. Amy Oldenburg, the firm’s head of digital-asset strategy, said the launch is a starting point rather than a destination. “We’re not going to stop at just Bitcoin,” she told media this week. “It’s really about the longer-term journey, and there’s quite a long way to go.”
Oldenburg identified a tokenized money-market fund as “definitely a path forward” for the firm’s product roadmap. Such funds issue yield-bearing tokens backed by short-term government securities. Franklin Templeton pioneered that model in 2021, but BlackRock’s BUIDL product has since grown to $2.3 billion and taken the lead. Fidelity’s Digital Interest Token holds roughly $172 million in total value.
Morgan Stanley subsidiary Parametric manages rules-based investment strategies, including tax-loss harvesting for traditional portfolios. Oldenburg said applying a similar approach to digital assets is “something to also explore.” Tax-loss harvesting lets investors sell losing positions to offset capital gains, reducing their overall tax bill.
The bank’s expense ratio of 0.14% on its spot Bitcoin ETF undercuts most rivals in the market. Oldenburg said the goal was to deliver the product efficiently rather than maximize fee revenue. “Now, let’s see some more interesting products continue to develop around that,” she said.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.