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