Morgan Stanley’s Bitcoin ETF: Cheaper Than Your Morning Coffee!

The real kicker? It charges a measly 0.14% expense ratio. That’s cheaper than the interest on my overdraft. Morgan Stanley’s vast wealth management network is like a vacuum cleaner for dollars, sucking in clients who’d rather not deal with the crypto wild west themselves. It’s the financial equivalent of ordering a pizza instead of making it from scratch-less effort, same result (hopefully).



![A communication scheme leverages a beamsplitter channel-where Bob receives a signal with transmittance η and an eavesdropper, Willie, receives [latex]1-\eta[/latex]-and enforces covertness by ensuring Willie’s observations are statistically indistinguishable from thermal noise.](https://arxiv.org/html/2604.13116v1/x1.png)

