- The Bitcoin price is just 3% away from challenging the major resistance trendline of a falling channel pattern of daily time frame chart.
- MSBT carries a sponsor fee of 0.14%, positioning it among the most cost-efficient Bitcoin investment products at launch.
- The relative strength index (RSI) surged to 56% indicates a renewed bullish momentum in BTC price.
The Bitcoin price is up roughly 4.8% during the last 24-hours to currently trade at $72,100 mark. The primary catalyst to this surge followed de-escalation of the geopolitical tension in the middle east as U.S.-Iran-Israel agreed for a temporary ceasefire. However, the BTC price gained additional traction as Morgan Stanley Investment Management (MSIM) announced today the launch of its Bitcoin Trust (MSBT) with a market-low fee of 0.14%. How far this recovery could extend?
Morgan Stanley Debuts Spot Bitcoin ETF with Market-low Fee of 0.14%
Morgan Stanley Investment Management launched a new bitcoin tracking exchange-traded product on the NYSE Arca with the stock symbol of MSBT. The trust is intended to track bitcoin daily price fluctuations in the CoinDesk Bitcoin Benchmark relying on 4 PM New York settlement rates obtained on major spot trading platforms.
The product is the first cryptocurrency ETP to be launched that is linked to a major U.S. bank. MSBT will have a 0.14% sponsor fee, which was the lowest among the comparable investment vehicles in bitcoin when it was launched.
Coinbase and BNY Mellon will jointly handle the product in terms of digital asset custody. BNY will also handle administrative tasks, transfer agency tasks, accounting, record keeping and cash operations.
“ETPs remain a powerful way for investors to gain exposure to new asset classes within a transparent and regulated framework,” said Ally Wallace, Global Head of ETF Strategy at Morgan Stanley Investment Management.
Early interest projections were observed by market observers, as Bloomberg analyst Eric Blachnucas projected possible assets under management of up to $5 billion in the first twelve months and opening-day trading of up to $30 million.
The product expands the product offerings of MSIM, which already includes traditional and alternative investments as well as exposure to bitcoin.
Bitcoin Price Poised to Hit a Make-or-Break Ceiling at $73k
During Wednesday’s U.S. market hours, the Bitcoin price witnessed a short downtick of roughly 1%, wavering around the $72,000 mark. The pullback likely came as a relief after a strong price jump yesterday followed the ceasefire announcement.
However, the near-term momentum leans toward buyers, suggesting a potential surge of 3% before the coin price challenges key resistance trendline of channel pattern. Since October 2025, the Bitcoin price has been actively resonating between two parallel trendlines, acting as dynamic resistance and support to traders.
If the sellers continue to defend the overhead trend line, then the Bitcoin price could retest the downward selling pressure and plunge 11.5% down to retest $2,500 followed by a dip towards $57,500.
Therefore, a bullish breakout from this battle is crucial for BTC to hold its value above the $70,000 mark and extend an attempt at recovery towards the next significant resistance of $83,784.
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