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Morgan Stanley has revised its application for the launch of a Bitcoin exchange-traded fund., 2026/03/20 18:32:29
The American bank Morgan Stanley has made revisions to its application submitted to the U.S. Securities and Exchange Commission (SEC) for the launch of a Bitcoin-linked spot exchange-traded fund (ETF).
The bank intends to list its investment product under the ticker MSBT. The fund will employ the standard mechanism for the creation and redemption of shares, which is typical for large exchange-traded funds. It is anticipated that each trading unit will include a minimum of 10,000 shares to maintain liquidity.
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Morgan Stanley plans to allocate $1 million for the preparation of the exchange-traded fund for trading. The updated application includes Fidelity Investments, which will be responsible for asset custody. Previously, the bank appointed the American cryptocurrency exchange Coinbase (Coinbase Custody Trust Company) and BNY Mellon as custodians. The increase in the number of companies tasked with asset custody is expected to enhance the protection of client funds and reduce operational risks, as stated by Morgan Stanley.
Starting January 2024, eleven Bitcoin-linked ETFs will be trading in the American market. The largest Bitcoin ETF is the iShares Bitcoin Trust (IBIT), launched by BlackRock. According to the Farside Investors platform, on March 17, this exchange-traded fund attracted capital amounting to $169.3 million. Spot Bitcoin funds have recorded seven consecutive days of capital inflow.
