Morgan Stanley is moving forward with its plans to enter the spot Bitcoin exchange-traded fund (ETF) market, submitting an amended registration statement to the US Securities and Exchange Commission as it seeks regulatory approval.
On March 4, the Wall Street firm filed an updated Form S-1 for the proposed Morgan Stanley Bitcoin Trust, providing additional details about how the fund would operate.
Morgan Stanley’s Bitcoin ETF Filing DetailsThe amendment outlines key structural elements, including how the trust’s Bitcoin holdings would be stored and who would be responsible for safeguarding them.
However, the filing also makes clear that the custodians are not insured by the Federal Deposit Insurance Corporation (FDIC). Instead, they maintain insurance coverage through private carriers.
ETF Revival Lifts Bitcoin To $73,000BlackRock’s spot Bitcoin ETF recorded approximately $322 million in inflows in a single trading day, helping offset outflows from rival products offered by Fidelity and Grayscale. In total, the sector has attracted about $683.3 million in inflows so far this week.
Park also pointed out that establishing a presence in the Bitcoin ETF market could help Morgan Stanley attract professionals with expertise in blockchain markets and digital asset trading.
He told analysts that the bank is “well positioned now in the crypto and tokenized asset space,” and noted that there is “a lot for us to do there,” signaling broader ambitions within blockchain-based finance.
Featured image from NBC, chart from TradingView.com
