Morgan Stanley Updates Bitcoin ETF Application with Fidelity as Custodian
- Morgan Stanley amended its Bitcoin ETF S-1, adding Fidelity as a custodian and designating the NYSE Arca ticker MSBT.
- The fund will offer a fee waiver on the first $5 billion invested for six months.
- The Solana ETF filing remains unchanged since January, suggesting the Bitcoin fund could list first.
- Morgan Stanley plans to build proprietary Bitcoin custody and trading services in-house, with yield and lending services also under exploration.
- Morgan Stanley oversees nearly $9 trillion in client assets and confirmed offering Bitcoin, Ethereum, and Solana trading via its E*Trade app last September.
Morgan Stanley has updated its Bitcoin ETF application by adding Fidelity as a custodian and announcing it will be listed on NYSE Arca under the MSBT ticker. The firm is offering a fee waiver for initial investments up to $5 billion for six months, indicating an aggressive entry into the cryptocurrency market.
With no updates to its Solana ETF filing since January, Morgan Stanley’s Bitcoin fund appears likely to launch first, highlighting the firm’s strategic focus on expanding its crypto offerings. (Source)
