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Morgan Stanley Advances Plan to Launch First Bank-Sponsored Bitcoin ETF in the U.S.
Morgan Stanley has delivered a second amended version of its S-1 registration filing to the U.S. Securities and Exchange Commission, seeking authorization for a spot Bitcoin exchange-traded fund. The proposed product is slated to list on NYSE Arca with the ticker designation MSBT. tweet According to the documentation, the ETF structure includes a basket configuration of 10,000 shares alongside an initial seed allocation of 50,000 shares. The financial institution anticipates generating approximately $1 million through the seed basket during the product’s market debut. On March 9, the banking firm purchased two ... (full story)
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