Crypto Fee War Ignites On Wall Street—Bitcoin ETFs Poised To Gain As Trading Costs Collapse - Fidelity Wi
- Morgan Stanley is rolling out spot crypto trading on E*Trade, targeting approximately 8.6 million customers through a phased pilot program offering lower-cost access to digital assets.
- Following its 2020 acquisition of E*Trade for $13 billion, Morgan Stanley is leveraging the platform to diversify offerings, reflecting a broader shift among large banks that previously maintained a cautious approach toward crypto.
- Charging 50 basis points on transactions, Morgan Stanley undercuts rivals Coinbase and Robinhood, which charge 60 to 95 basis points, in a market where Coinbase generated $3.32 billion in 2025 revenue.
- Morgan Stanley Head of Wealth Management Jed Finn said the initiative is aimed at "disintermediating the disintermediators," marking a deeper level of participation in the digital asset ecosystem than derivatives-based offerings.
- The bank plans to roll the service out to all 8.6 million E*Trade customers later this year while pursuing a national trust bank charter to enable direct custody and exploring tokenized equity trading.
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26 Articles
Crypto Fee War Ignites On Wall Street—Bitcoin ETFs Poised To Gain As Trading Costs Collapse - Fidelity Wi
The entry of Morgan Stanley into direct crypto trading is doing more than shaving a few basis points off transaction costs. It is setting off a pricing war that could reshape how investors access digital assets, including through ETFs. The bank has rolled out crypto trading on its E*Trade platform at 50 basis points per transaction, undercutting rivals like Coinbase, Robinhood, and Charles Schwab, with plans to extend access to its 8.6 million c…
Morgan Stanley Moves Into Spot Crypto Trading With E*Trade Rollout
Morgan Stanley is moving forward with plans to introduce spot cryptocurrency trading on its E*Trade platform, marking a significant expansion of its digital asset offerings as traditional financial institutions deepen their presence in crypto markets.
Bitcoin ETFs Bleed $125M as Morgan Stanley Enters Race
Key Insights Bitcoin ETFs recorded $125M outflows amid cooling sentiment BlackRock IBIT drew $40.38M, diverging from broader trend Morgan Stanley ETF debuted with strong $34M trading volume U.S. Bitcoin ETFs recorded sharp outflows on April 8 as investor sentiment weakened. SoSoValue data showed combined net withdrawals of $125 million across spot Bitcoin ETFs. The move came as institutional flows rotated toward new products entering the market…
Morgan Stanley has begun to offer direct trading of cryptocurrencies on its E*Trade platform with a commission of just 0.5% per transaction. The news, advanced by Bloomberg, confirms that the pilot is already active for a small group of users and that the service will reach 8.6 million E*Trade customers by the end of 2026. A 0.5% commission that challenges the big ones in the sector The 50-point base rate puts Morgan Stanley below its main compe…
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