US EditionMorgan Stanley Files Bitcoin ETF, Backs Core Scientific With $500M
Morgan Stanley's Bitcoin Trust will use Coinbase Custody and Bank of New York Mellon to secure holdings with institutional-grade cold storage and price valuation via CoinDesk.
- Morgan Stanley has filed an S-1 prospectus with the SEC for the Morgan Stanley Bitcoin Trust, a passive spot Bitcoin ETF that will hold bitcoin with Coinbase Custody and Bank of New York Mellon, which also serves as fund administrator, transfer agent, and cash custodian.
- The filing outlines a custody structure designed to mirror traditional institutional standards to protect bitcoin holdings and reduce hack and operational risk to investors.
- The trust will calculate NAV using the CoinDesk Bitcoin Benchmark New York 4pm settlement rate, which aggregates trading data from major spot exchanges.
- Involving major banks and custodians, the filing positions Morgan Stanley, Coinbase Custody and BNY Mellon to broaden institutional access to spot bitcoin, prompting calls for governance and standards.
- The prospectus discloses that during creation and redemption events some assets may be temporarily transferred to trading wallets, and custody insurance is shared across customers and may not cover all potential losses.
20 Articles
20 Articles
Morgan Stanley Files Bitcoin ETF, Backs Core Scientific With $500M
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Morgan Stanley Has Future Plans for Bitcoin Trading, Lending, and Custody
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Bitcoinist
Bitcoin InsiderWall Street Giant Morgan Stanley Amends Bitcoin ETF Filing With Coinbase In Key Role
Morgan Stanley is moving forward with its plans to enter the spot Bitcoin exchange-traded fund (ETF) market, submitting an amended registration statement to the US Securities and Exchange Commission as it seeks regulatory approval. On March 4, the Wall Street firm filed an updated Form S-1 for the proposed Morgan Stanley Bitcoin Trust, providing additional details about how the fund would operate. Morgan Stanley’s Bitcoin ETF Filing Details The…
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