Morgan Stanley has chosen MSBT as the ticker for its planned spot bitcoin ETF and disclosed key operational details in an amended filing with the U.S. Securities and Exchange Commission.
The bank’s update, amending a January application, confirms the ETF will require 10,000-share creation units and will launch with $1 million in seed capital. Morgan Stanley also said it bought two shares earlier this month for audit purposes. BNY Mellon has been named to handle the fund’s cash and administrative functions, while Coinbase will act as prime broker and custodian for the ETF’s bitcoin holdings.
If approved, Morgan Stanley’s spot bitcoin ETF would give investors exposure to bitcoin without requiring direct ownership, joining 11 existing spot bitcoin ETFs that have been live since January 2024 — funds that have collectively drawn more than $56 billion in inflows. The filing underscores Wall Street’s accelerating push into crypto as major banks and custodians work to make digital assets more accessible to mainstream investors.
Morgan Stanley also filed for a Solana ETF earlier this year; that application has not seen an update.
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