Wu Shuo has learned that Morgan Stanley submitted a second revised S-1 filing with the U.S. Securities and Exchange Commission for a Bitcoin ETF application, confirming that Morgan Stanley Bitcoin Trust will be listed on NYSE Arca under the ticker "MSBT," with a basket size of 10,000 shares and initial seed shares of 50,000 shares, with an estimated fundraising of approximately 1 million USD. It was previously disclosed that BNY Mellon and Coinbase will serve as Bitcoin custodian and related functions respectively. The revision indicates progress in the application but does not guarantee approval. If approved, Morgan Stanley could become the first major U.S. bank to directly issue a spot Bitcoin ETF.
Wu Shuo has learned that Morgan Stanley submitted a second revised S-1 filing with the U.S. Securities and Exchange Commission for a Bitcoin ETF application, confirming that Morgan Stanley Bitcoin Trust will be listed on NYSE Arca under the ticker "MSBT," with a basket size of 10,000 shares and initial seed shares of 50,000 shares, with an estimated fundraising of approximately 1 million USD. It was previously disclosed that BNY Mellon and Coinbase will serve as Bitcoin custodian and related functions respectively. The revision indicates progress in the application but does not guarantee approval. If approved, Morgan Stanley could become the first major U.S. bank to directly issue a spot Bitcoin ETF.