Morgan Stanley has chosen MSBT as the ticker for its proposed spot bitcoin ETF, according to an amended filing with the U.S. Securities and Exchange Commission. The update, which revises a January application, also lays out several operational details for the fund.
Key facts from the filing:
- Ticker: MSBT for the spot bitcoin ETF.
- Creation unit: 10,000 shares (the block size authorized for institutional creation and redemption of ETF shares).
- Seed capital: a planned $1 million initial investment to get the fund started; Morgan Stanley also purchased two shares earlier this month for audit purposes.
- Service providers: BNY Mellon is slated to handle the fund’s cash and administrative functions, while Coinbase will act as prime broker and custodian for the bitcoin holdings.
If the SEC greenlights the product, Morgan Stanley’s ETF would let investors gain exposure to bitcoin’s price without directly holding the asset, joining a growing roster of spot bitcoin ETFs. Since January 2024, 11 spot bitcoin funds — including BlackRock’s IBIT — have launched and collectively drawn more than $56 billion in investor inflows, underscoring major institutional demand.
Morgan Stanley also filed for a Solana ETF earlier this year; that application has not seen recent updates. The MSBT filing signals another high-profile Wall Street push to mainstream crypto access by pairing large-bank distribution with established custodians and prime brokers. The ETF remains subject to SEC approval.
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