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 replace provides operational particulars and indicators progress within the financial institution’s software, although approval continues to be unsure.
Morgan Stanley Adds Structure to Bitcoin ETF Filing
In its submitting, the financial institution outlined plans for an preliminary seed basket of fifty,000 shares, which is predicted to boost about $1 million. Earlier within the month, the financial institution revealed that it had undertaken one other routine step in ETF preparation, shopping for a few the fund’s shares for auditing functions.
In its earlier modification, the funding big disclosed that it had roped in BNY Mellon and Coinbase as key service suppliers, with the previous performing as its money custodian, administrator, and switch agent, whereas the latter will function prime dealer and custodian for the fund’s BTC holdings. Additionally, the submitting additionally confirmed that if accepted, the proposed BTC ETF will commerce on the NYSE Arca, with MSBT as its ticker.
The monetary establishment submitted its BTC ETF software again in January, alongside filings for merchandise linked to Solana (SOL). At the time, it said that it had determined to embrace crypto belongings attributable to improved regulatory readability underneath the Trump administration. And whereas it’s but to reveal its administration charges, the spot Bitcoin ETF may go reside within the subsequent few weeks, due to the SEC’s generic itemizing normal.
Were that to occur, it could place Morgan Stanley amongst a rising listing of issuers competing within the U.S. spot Bitcoin ETF market, the place merchandise launched in January 2024 have attracted over $56 billion in cumulative flows, in response to information from SoSoValue.
Institutional Crypto Push Gathers Pace
Morgan Stanley’s foray into crypto isn’t precisely new. It beforehand allowed sure brokerage shoppers entry to digital asset buying and selling, and up to date ETF launches from fellow Wall Street big BlackRock may present them what to anticipate.
BlackRock has been within the crypto ETF house for some time now, nevertheless it lately launched a staked Ethereum ETF that recorded a buying and selling quantity of greater than $15 million on its first day. While the determine appeared modest, particularly in comparison with the agency’s extra established funds, it confirmed that there’s nonetheless curiosity in new crypto funding buildings.
Meanwhile, Bitcoin itself was buying and selling across the $70,000 stage on the time of writing, up lower than 1% within the final 24 hours and exhibiting a dip of over 2% prior to now seven days. In the final month, the OG cryptocurrency added no less than 4% to its worth, though it’s nonetheless almost 44% beneath its all-time high worth recorded in October 2025, when it went previous $126,000.
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