The MSBT Filing Details

The filing discloses a basket size of 10,000 shares and an initial seed of 50,000 shares expected to raise about $1 million. 

Morgan Stanley bought two shares early this month for audit purposes.

BNY Mellon will handle the fund’s cash and administrative functions, while Coinbase (NASDAQ:COIN) will serve as prime broker and custodian of its Bitcoin holdings.

The amendment signals progress but does not guarantee approval. If approved, the Morgan Stanley ETF would let investors get exposure to Bitcoin without owning it, joining 11 other spot ETFs including BlackRock’s IBIT that have been active since January 2024.

The Wall Street Push Into Crypto

Morgan Stanley’s…

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