Morgan Stanley has tapped Coinbase and BNY Mellon to serve key custody and administrative roles for its proposed spot Bitcoin exchange-traded fund, according to an amended registration statement filed with the U.S. Securities and Exchange Commission.

The filing for the Morgan Stanley Bitcoin Trust outlines a structure in which Coinbase Custody Trust Company and BNY will act as bitcoin custodians, responsible for safeguarding the fund’s digital assets and facilitating transfers tied to share creations and redemptions. 

BNY will also serve as administrator, transfer agent and cash custodian, overseeing accounting, shareholder records and cash management for the trust.

The…

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