Morgan Stanley’s Bitcoin ETF Sets MSBT Ticker As BTC Tests $70,000 Support

Morgan Stanley (NYSE:MS) filed a second amended S-1 for its spot Bitcoin (CRYPTO: BTC) ETF, setting the ticker MSBT for the Morgan Stanley Bitcoin Trust on NYSE Arca with a $1 million seed investment.
The MSBT Filing Details
The filing discloses a basket size of 10,000 shares and an initial seed of 50,000 shares expected to raise about $1 million. 
Morgan Stanley bought two shares early this month for audit purposes.
BNY Mellon will handle the fund’s cash and administrative functions, while Coinbase (NASDAQ:COIN) will serve as prime broker and custodian of its Bitcoin holdings.
The amendment signals progress but does not guarantee approval. If approved, the Morgan Stanley ETF …Full story available on Benzinga.com

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