Morgan Stanley has filed a second amended application with the SEC for its spot Bitcoin ETF, adding operational details. The filing outlines a seed basket of 50,000 shares to raise about $1 million and confirms service providers: BNY Mellon for cash administration and Coinbase for Bitcoin custody. While approval remains uncertain, the ETF could list on NYSE Arca under the ticker MSBT, following improved regulatory clarity cited by the bank in its original January application.
Morgan Stanley has submitted a second amended S-1 filing with the U.S. Securities and Exchange Commission for its proposed spot Bitcoin ETF. The update adds structural details and signals progress, though final approval is not yet certain.
The filing outlined an initial seed basket of 50,000 shares designed to raise roughly $1 million. The bank had previously disclosed key operational partners in an earlier amendment.
BNY Mellon will handle cash custody and administration, while Coinbase will serve as prime broker and custodian for the fund’s Bitcoin holdings. If approved, the ETF will trade on NYSE Arca under the ticker MSBT.
Morgan Stanley originally filed for this ETF in January, alongside filings for products linked to Solana. The bank stated its decision was due to improved regulatory clarity.
This would place Morgan Stanley among competitors in the U.S. spot Bitcoin ETF market, where existing products launched in January 2024 have attracted over $56 billion in cumulative flows according to data from SoSoValue. The bank has previously allowed some clients access to digital asset trading.
