Morgan Stanley’s long‑awaited spot Bitcoin exchange‑traded fund, the Morgan Stanley Bitcoin Trust (MSBT), has taken a major procedural step toward trading after the New York Stock Exchange confirmed an official listing notice for the product. 

Bloomberg Senior ETF Analyst Eric Balchunas says the listing typically signals a launch is “imminent.”

If approved by regulators, MSBT would mark the first spot Bitcoin ETF issued directly by a major U.S. bank rather than an asset manager. Existing U.S. spot Bitcoin ETFs have been launched by firms such as BlackRock and Fidelity.

Morgan Stanley’s wealth management division oversees one of the largest networks of financial…

Read more on BitcoinMagazine