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Morgan Stanley Names Coinbase & BNY Mellon as Bitcoin ETF Custodians
Morgan Stanley filed an amended S-1 with the SEC today revealing its spot Bitcoin ETF custody structure:
🔹 Coinbase Custody to safeguard Bitcoin holdings
🔹 BNY Mellon as administrator & cash custodian
🔹 Bitcoin stored in offline cold storage
🔹 Price tracked via CoinDesk Benchmark
🔹 Shares to trade on NYSE Arca
Morgan Stanley manages $1.9T in assets and is the first major US bank launching its own spot Bitcoin ETF.