Morgan Stanley Advances Bitcoin ETF With Amended S-1 Filing

Morgan Stanley has submitted a second amendment to its S-1 registration statement for a spot bitcoin ETF, confirming that the Morgan Stanley Bitcoin Trust will list on NYSE Arca under the ticker MSBT.

Fund Details and Custody Arrangements

The filing includes specifics on the fund’s structure, including a basket size of 10,000 shares and an initial seed basket of 50,000 shares expected to raise about $1 million. The bank purchased two shares on March 9 for auditing purposes. BNY Mellon will act as cash custodian, administrator, and transfer agent, while Coinbase will serve as prime broker for the ETF’s bitcoin holdings.

Progress and Market Outlook

The amendment marks forward movement in Morgan Stanley’s bitcoin ETF application but does not guarantee SEC approval. The bank previously filed a spot Solana ETF application, which has yet to see amendments. Analysts note that most demand for crypto ETFs currently comes from self-directed investors, highlighting early-stage institutional adoption of digital assets.

Disclaimer

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