The investment bank has filed an amendment confirming the listing of the Morgan Stanley Bitcoin Trust on NYSE Arca under the ticker MSBT.
Morgan Stanley has submitted a second amendment to its S-1 registration statement with the U.S. Securities and Exchange Commission for its spot Bitcoin ETF application, originally filed in January. The document confirms that the Morgan Stanley Bitcoin Trust will be listed on NYSE Arca with the ticker MSBT.
The new filing provides additional operational details about the fund: the basket size is set at 10,000 shares, while the launch is expected with an initial basket of 50,000 shares, aiming to raise approximately $1 million in proceeds. The bank also disclosed that it purchased two shares of the ETF on March 9 for audit purposes.
The first amendment, filed earlier this month, had already established that BNY Mellon and Coinbase will act as custodians of the fund. Specifically, BNY Mellon will serve as cash custodian, administrator, and transfer agent, while Coinbase will act as prime broker.
If approved by the SEC, Morgan Stanley would become the first major U.S. bank to directly issue and sponsor its own spot Bitcoin ETF. Meanwhile, the bank also filed an application in January for a spot Solana ETF, but has not yet submitted amendments for that fund.
On the adoption front, Amy Oldenburg, Head of Digital Assets Strategy at Morgan Stanley, stated this week at the DC Blockchain Summit that around 80% of demand for digital asset ETPs on the bank’s platform comes from self-directed clients, rather than accounts managed by financial advisors.
