US EditionMorgan Stanley's Bitcoin ETF Sets MSBT Ticker As BTC Tests $70,000 Support - Morgan Stanley (NYSE:MS)
Morgan Stanley plans a $1 million seed investment for its MSBT spot Bitcoin ETF to offer direct Bitcoin exposure without ownership, joining a market with $56 billion inflows.
- Morgan Stanley filed an amendment with the Securities and Exchange Commission for a spot Bitcoin ETF proposing the ticker MSBT, signaling progress toward regulatory approval.
- BNY Mellon will handle administrative and cash functions for the fund, while Coinbase serves as prime broker and custodian for Bitcoin holdings; the filing specifies 10,000 creation units and a $1 million seed investment.
- If approved, the Morgan Stanley ETF would join 11 existing spot Bitcoin ETFs that have attracted more than $56 billion in investor inflows since January 2024, including BlackRock's IBIT.
- Earlier this year, the investment bank filed an application for a Solana ETF alongside its Bitcoin bid, but has yet to submit any updates on that fund's progress.
- Bitcoin is trading flat at $70,099, with The Bollinger Bands tightening between $74,816 and $65,381; The Parabolic SAR at $67,216 marks the longest bullish streak since November.
24 Articles
24 Articles
Morgan Stanley's Bitcoin ETF Sets MSBT Ticker As BTC Tests $70,000 Support - Morgan Stanley (NYSE:MS)
Morgan Stanley (NYSE:MS) filed a second amended S-1 for its spot Bitcoin (CRYPTO: BTC) ETF, setting the ticker MSBT for the Morgan Stanley Bitcoin Trust on NYSE Arca with a $1 million seed investment. The MSBT Filing Details The filing discloses a basket size of 10,000 shares and an initial seed of 50,000 shares expected to raise about $1 million. Morgan Stanley bought two shares early this month for audit purposes. BNY Mellon will handle the f…
Morgan Stanley Files Second Amendment for Direct Spot Bitcoin ETF Product
Morgan Stanley has filed a second amended S-1 with the U.S. Securities and Exchange Commission (SEC) to launch its spot Bitcoin ETF. The update adds operational details and signals progress in the bank’s application, even though approval is still uncertain. Morgan Stanley Adds Structure to Bitcoin ETF Filing In its filing, the bank outlined plans for an initial seed basket of 50,000 shares, which is expected to raise about $1 million. Earlier in…
What to remember: Morgan Stanley chooses the MSBT sticker for his Bitcoin spot ETF with a start-up capital of $1 million. The fund will require creation units of 10,000 shares with BNY Mellon as administrator and Coinbase as depositary. This launch would join the existing 11 Bitcoin ETFs that already total $56 billion in outstanding since January 2024. A late but structured positioning on the market The arrival of Morgan Stanley in the Bitcoin E…
Morgan Stanley Updates SEC Filing for Spot Bitcoin ETF with New Fund Details
Morgan Stanley is moving closer to launching a spot Bitcoin exchange-traded fund (ETF), deepening its expansion into digital assets. Specifically, the bank plans to list the product under the ticker MSBT, according to an amended filing with the U.S.Visit Website
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