Morgan Stanley wants its planned bitcoin spot The ETF will trade under the ticker MSBT upon launch.
The investment bank disclosed the ticker in its latest filing with the U.S. Securities and Exchange Commission (SEC), amending its January filing for the fund.
The filing also revealed key details about the fund, including a 10,000-share creation unit required to build the ETF and a planned $1 million seed investment, or the initial money used to start the fund. The investment bank purchased two shares earlier this month for audit purposes, the statement added.
According to an earlier filing, BNY Mellon has been appointed to manage the fund’s treasury and administrative functions, while Coinbase will serve as the prime broker and custodian of its Bitcoin holdings.
Morgan Stanley’s move underscores Wall Street’s growing push into crypto, as established banks and custodians work to make bitcoin more accessible to traditional investors.
If approved, the Morgan Stanley ETF would allow investors to gain exposure to bitcoin without owning it, joining 11 other spot ETFs, including BlackRock’s IBIT, active since January 2024. These funds have already attracted more than $56 billion in investor inflows.
The investment bank also filed for a Solana ETF alongside Bitcoin earlier this year, but it has yet to submit any updates for that fund.
