Morgan Stanley Submits Revised Bitcoin ETF Application, Stock Confirmed to List on NYSE Arca

This Tuesday, Morgan Stanley submitted a second revised S-1 registration statement to the SEC for its Bitcoin spot ETF application, confirming it will list on NYSE Arca under the ticker symbol MSBT.

The filing shows that the creation and redemption unit for this offering is 10,000 shares, with an initial seed investment creation unit of 50,000 shares, with expected fundraising of approximately 1 million USD. Morgan Stanley purchased two ETF shares on March 9 for audit purposes.

Regarding custodial arrangements, the fund will have Coinbase Custody and The Bank of New York Mellon serving as joint custodians, with The Bank of New York Mellon serving as cash custodian, administrator, and transfer agent, while Coinbase serves as the primary broker.

Once this application is approved, Morgan Stanley will also become the first major U.S. bank to directly issue and sponsor a Bitcoin spot ETF. In fact, as early as this year, Morgan Stanley has been very active; the bank first submitted separate applications for Ethereum and Solana ETFs, and subsequently planned to provide cryptocurrency trading services to retail customers through its E*Trade division, demonstrating Morgan Stanley's considerable ambition and proactive positioning in the cryptocurrency sector.

In summary, if Morgan Stanley's MSBT Bitcoin ETF application is approved, it will not only open new horizons for its own business expansion, but may also inject new vitality into the development of the U.S. cryptocurrency market, and advance the industry toward further standardization and scaling.

#摩根士丹利 # Bitcoin ETF