Morgan Stanley is set to launch its spot bitcoin exchange-traded product, the Morgan Stanley Bitcoin Trust (MBST), on April 8, according to a listing notice from NYSE Arca, shared by Eric Balchunas. Trading should begin on Wednesday, marking a major step for a U.S. bank entering the spot bitcoin ETF market with its own product.

MBST will trade under the ticker MSBT US and is structured as an exchange-traded product that holds bitcoin directly. The launch would position Morgan Stanley as the first major U.S. bank to issue a spot bitcoin ETF, rather than distribute products from external asset managers.

The fund enters a market that has seen rapid growth since the approval of spot…

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