The new fee applies to a small minority of firms that don't participate in a maintenance arrangement with Fidelity.
The firm and its advisor subsidiary kept clients in short-term products for too long, Finra said.
The conversions bring Morgan Stanley's total ETF lineup to 14 funds.
There are 11 water funds in the U.S. with a combined $6.3 billion of assets.
The ETF will invest in NASDAQ-100 stocks and use swap agreements to gain exposure to daily call options.
Other cybercurrencies, including ether, saw even greater gains than bitcoin this week.
The outflows come as Apple shares entered a technical correction this month.
Wood's firm has been scooping up shares in a developer of air taxis.
The market retreat comes as regulators start to erect guardrails around ESG labeling.
"Investing in digital assets is not going away," one advisor says.
Tim Buckley is the fourth CEO of a company founded by investing legend Jack Bogle.
Vanguard, meanwhile, remains among the companies holding off on getting into the bitcoin ETF market.
Bitcoin has more than tripled since the start of last year.
The Pacer US Cash Cows 100 ETF doesn't hold any of the so-called Magnificent Seven stocks.
The gap between stock market winners and laggards has widened since 2020, the firm's analysts say.
The $22.8 billion Grayscale Bitcoin Trust has seen $7.4 billion exit across 30 trading days as of Friday.
Wood was one of the most prominent voices predicting AI would be a game-changer.
The $30 billion RIA platform took a pass on the six other funds in the fledgling bitcoin ETF market.
Early results had showed BlackRock and Fidelity Investments dominating the emergent sector.
The firm failed to disclose Dave Portnoy's pay for promoting Van Eck's Social Sentiment ETF, the SEC said.