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 …