Morgan Stanley has filed to launch a spot Bitcoin ETF trading under the ticker MSBT, seeded with $1 million at inception.
The investment bank disclosed the ticker and fund structure in an amended filing with the U.S. Securities and Exchange Commission, building on its January application. The ETF will require 10,000-share creation units and was seeded with two initial shares for audit purposes.
BNY Mellon will manage cash and administrative functions, while Coinbase will act as prime broker and custodian of the fund’s Bitcoin holdings.
If approved, the ETF would join 11 existing spot Bitcoin ETFs-like BlackRock’s IBIT-that have drawn over $56 billion in inflows since launching in January 2024. Morgan Stanley also filed earlier this year for a Solana ETF but has not updated that application.