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



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

According to the filing, the creation and redemption unit is 10,000 shares, with an initial seed capital subscription unit of 50,000 shares, expected to raise approximately $1 million. Morgan Stanley purchased two ETF shares on March 9 for audit purposes.

Regarding custodial arrangements, the fund will be jointly held by Coinbase Custody and Bank of New York Mellon, with BNY Mellon serving as the cash custodian, administrator, and transfer agent, while Coinbase will serve as the primary broker.

Once the 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, Morgan Stanley has already been taking action since early this year; the bank first separately submitted 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 ambitions and active 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 business expansion but may also inject new vitality into the U.S. cryptocurrency market, promoting further standardization and scaling of the industry.

#摩根士丹利 # Bitcoin ETF
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