Morgan Stanley Moves Closer to Bitcoin ETF Launch With NYSE Listing Announcement 

Morgan Stanley’s spot Bitcoin exchange-traded fund, the Morgan Stanley Bitcoin Trust (MSBT), is progressing towards trading after the New York Stock Exchange confirmed its official listing. This listing signals an imminent launch, according to Bloomberg Senior ETF Analyst Eric Balchunas. If approved, MSBT will be the first spot Bitcoin ETF issued directly by a major U.S. bank, differing from existing ETFs launched by firms like BlackRock and Fidelity. Morgan Stanley’s extensive wealth management network, with 16,000 advisors and trillions in assets, could significantly expand Bitcoin exposure in traditional portfolios. The ETF’s fee structure is yet to be disclosed, but is expected to be competitive with existing options. Coinbase Custody Trust Company will serve as the primary bitcoin custodian, and BNY Mellon will handle administration and cash custody.

(Source：Bitcoin Magazine)