Morgan Stanley Files Low-Fee Bitcoin ETF at 0.14%

Morgan Stanley 0.14% Bitcoin ETF

Investment bank Morgan Stanley is seeking to launch its spot Bitcoin exchange-traded fund with a 0.14% fee, which would make it the cheapest in the US market and potentially force rivals to cut fees to stay competitive.

The proposed fee, in Morgan Stanley's latest S-1 registration statement on Friday, would be one basis point below the Grayscale Bitcoin Mini Trust ETF (BTC), currently the cheapest in the US market, and 11 basis points below BlackRock's iShares Bitcoin Trust ETF (IBIT). Bloomberg ETF analyst James Seyffart predicted that the Morgan Stanley Bitcoin Trust (MSBT) is likely to launch in early April. Fellow analyst Eric Balchunas noted that with $6.2 trillion in client assets and 16,000 financial advisors, Morgan Stanley could quickly become a dominant player in the Bitcoin ETF space.

See SEC publication: https://www.sec.gov/Archives/edgar/data/2103612/000110465926036138/tm2534140-10_s1a.htm

Interactive Brokers enables crypto portfolio transfers from external wallets

Interactive Brokers (IBKR) announced that clients can now transfer their existing holdings in supported cryptocurrencies to their IBKR-linked crypto account, enabling them to trade crypto at lower costs while gaining access to global markets—all without selling their digital assets upfront. Supported cryptocurrencies include Bitcoin, Ethereum, Solana, and others. The service is available to eligible clients of Interactive Brokers LLC and Interactive Brokers (U.K.) Limited, with crypto accounts hosted by Paxos or ZeroHash.

IBKR offers competitive crypto trading costs, with commissions of 0.12% to 0.18% of trade value and a USD 1.75 minimum per order, without added spreads or markups. By comparison, many crypto platforms charge fees of up to 2.00% or more.

See announcement: https://www.interactivebrokers.com/en/general/about/mediaRelations/3-25-26.php

Binance publishes guidelines on market maker red flags for crypto projects and users

Binance published an educational article outlining red flags to watch for in market maker activity. Market makers play a crucial role in providing liquidity and maintaining orderly trading, but not all operate responsibly. The article identifies six key warning signs: first, selling that conflicts with token release schedules, which undermines price stability and community trust; second, one-sided trading behavior that only places sell orders without corresponding buy-side activity; third, coordinated sell-offs across multiple exchanges beyond normal liquidity rebalancing; fourth, high trading volume without corresponding price movement, which may indicate wash trading; fifth, price spikes or drops with thin liquidity, where small trades can cause outsized price swings; sixth, unbalanced volume and liquidity where an asset appears heavily traded but has little depth on the order book.

For crypto projects launching new tokens, Binance recommends conducting thorough due diligence on market makers, establishing clear contracts with defined roles and compliance requirements, strictly prohibiting market-disruptive token activity, maintaining market integrity by reporting market maker details to the listing platform, and continuously monitoring activity post-listing to protect project stability and community interests.

See announcement: https://www.binance.com/en/blog/education/3378047125698186214

About 1Token:

1Token is a digital asset investment management platform providing Crypto PMS, RMS, and Portfolio Accounting Software, managing over $20 billion in assets for more than 100 clients worldwide.

All-in-one support designed for allocators, portfolio managers, treasury managers and fund operations and accountants, seeking transparency and control.

• Front office (portfolio managers and traders) to view live position and exposure, calculate trading PnL and historical performance.
• Middle office (ops and risk) to maintain portfolios and API accounts, book OTC trades, monitor risk metrics and analyze VaR/STV, generate shadow NAV with investor subscription/redemption/dividend.
• Back office (admin and auditors) to collect and reconcile trades, generate valuation and PnL reporting under FIFO/WAC tax strategy.