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Morgan Stanley identifies partners for the launch of a Bitcoin exchange-traded fund., 2026/03/05 11:05:57
The American banking giant Morgan Stanley, with assets nearing $1.9 trillion, has identified its partners for the launch of a spot Bitcoin exchange-traded fund (ETF). According to the application submitted to the U.S. Securities and Exchange Commission (SEC), the partners will be BNY Mellon and the cryptocurrency exchange Coinbase.
The documents specify that “cold” storage will be utilized to ensure asset security, which eliminates the risk of remote hacking. Only a small portion of the fund’s assets will be held in “hot” wallets. This is necessary for executing the creation and redemption of ETF shares when investors enter or exit the fund.
The SEC materials clarify that BNY Mellon operates as a bank in the state of New York, while Coinbase’s division is registered as a limited liability trust company.
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Morgan Stanley began its proactive preparations for engaging with cryptocurrency instruments back in January, submitting applications for the launch of spot ETFs for Bitcoin and Solana. Subsequently, on October 10, 2025, the bank permitted its financial advisors to offer cryptocurrency funds to all client categories. The new regulations took effect on October 15.
Previously, access to investments in digital assets was significantly restricted: such investments could only be made by investors with a minimum capital of $1.5 million. Following a policy review, these restrictions were lifted, allowing cryptocurrency instruments to be included even in retirement and tax-advantaged investment accounts.
To mitigate risks for clients, the bank has implemented an automated portfolio monitoring system. This system tracks the proportion of highly volatile assets and prevents their excessive concentration in the investment strategies of individual investors.
Earlier, Morgan Stanley submitted an application to the Office of the Comptroller of the Currency (OCC) to establish a trust bank that will specialize in cryptocurrency operations.
