- Bitcoin price is just 3% away from challenging the major resistance trend line of the descending channel pattern on the daily time frame.
- MSBT carries a sponsorship fee of 0.14%, making it among the most cost-effective Bitcoin investment products at launch.
- A rise in the Relative Strength Index (RSI) to 56% indicates renewed bullish momentum in the Bitcoin price.
The price of Bitcoin has risen approximately 4.8% in the past 24 hours to currently trade at $72,100. The primary catalyst for this boom came after the de-escalation of geopolitical tension in the Middle East as the United States, Iran and Israel agreed to a temporary ceasefire. However, Bitcoin price Bitcoin gained additional momentum as Morgan Stanley Investment Management (MSIM) today announced the launch of Bitcoin Trust (MSBT) with a market-low fee of 0.14%. How far can this recovery extend?
Morgan Stanley Launches Bitcoin Spot ETF with Low Market Fee of 0.14%
Morgan Stanley Investment Management has launched a new company Bitcoin tracking for exchange traded products On the NYSE Arca stock exchange with the stock symbol MSBT. The trust aims to track daily Bitcoin price fluctuations in the CoinDesk Bitcoin Benchmark relying on New York settlement prices at 4pm obtained from major spot trading platforms.
The product is the first ETF to be launched and tied to a major US bank. MSBT will have a sponsorship fee of 0.14 percent, the lowest among similar Bitcoin investment vehicles at launch.
Coinbase and BNY Mellon will handle the product for digital asset custody. BNY will also handle administrative and transportation agency tasks, accounting, record keeping, and cash operations.
“ETFs remain a powerful way for investors to learn about new asset classes within a transparent and regulated framework,” said Allie Wallace, global head of ETF strategy at Morgan Stanley Investment Management.
Early interest expectations were noted by market watchers, such as Bloomberg analyst Eric Blashnukas Expected potential 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 MSIM’s product offerings, which already include traditional and alternative investments as well as exposure to Bitcoin.
Bitcoin price is preparing to reach the ceiling of success or break at $73 thousand
During US market business hours on Wednesday, Bitcoin price It saw a brief decline of about 1%, fluctuating around the $72,000 mark. This decline is likely to come as a relief after yesterday’s strong jump in prices following the ceasefire announcement.
However, the near-term momentum is leaning towards buyers, suggesting a potential 3% upside before the coin price challenges the major resistance trend line of the channel pattern. Since October 2025, Bitcoin price has been actively echoing between two parallel trend lines, acting as dynamic resistance and support for traders.
If sellers continue to defend the upper trend line, Bitcoin price may retest the bearish selling pressure and decline 11.5% to retest $2,500 followed by a decline towards $57,500.
Therefore, a bullish breakout from this battle is crucial for BTC to maintain its value above the $70,000 mark and extend the recovery attempt towards the next important resistance of $83,784.
