Morgan Stanley Prepares Bitcoin ETF for NYSE Arca Launch, Picking MSBT Ticker

Investment banking elephantine Morgan Stanley has updated its Bitcoin ETF application, adding Fidelity arsenic a custodian and disclosing that the money volition beryllium listed connected the NYSE Arca nether the MSBT ticker erstwhile it launches.

The Morgan Stanley Bitcoin Trust volition connection investors a interest waiver connected the archetypal $5 cardinal invested for six months, the steadfast said Wednesday successful an amendment to its S-1 SEC form.

The steadfast archetypal registered its Bitcoin money alongside a Morgan Stanley Solana Trust successful January. Based connected SEC filings, it appears that the BTC money could get listed earlier its SOL counterpart. The Solana filing hasn't been updated since its archetypal S-1 was filed.

At the time, the slope described some arsenic passive concern vehicles that would question to way the show of the applicable cryptocurrency's price. The archetypal filings did not yet sanction custodians, crypto counterparties, oregon specify interest structures—which is emblematic for S-1 filings, which are usually amended starring up to a fund's listing.

Earlier this month, Morgan Stanley said that The Bank of New York Mellon and Coinbase Custody Trust Company would custody the fund's assets, with Fidelity present joining the database of custodians.

The updated exertion comes arsenic Morgan Stanley has been signaling a broader crypto push.

In February, the bank's recently appointed integer assets strategy head, Amy Oldenburg, said the steadfast plans to physique proprietary Bitcoin custody and trading services in-house, with output and lending services besides nether exploration.

"We truly request to physique this retired internally. We can't conscionable chiefly rent the exertion to bash this," she said astatine a Bitcoin league successful Las Vegas.

Morgan Stanley, which oversees astir $9 trillion successful lawsuit assets, confirmed past September that it would connection Bitcoin, Ethereum, and Solana trading via its E*Trade app.

The slope besides filed to adhd an Ethereum ETF to its planned crypto lineup successful January, 1 time aft the Bitcoin and Solana registrations. That filing has besides yet to beryllium updated since it was archetypal filed.