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Morgan Stanley names Coinbase and BNY as custodians in proposed bitcoin ETF filing update

The Block|Daniel Kuhn||1 views
Morgan Stanley names Coinbase and BNY as custodians in proposed bitcoin ETF filing update
Image via The Block
🤖AI Summary

Morgan Stanley updated its S-1 filing for a proposed bitcoin ETF, naming Coinbase and BNY as custodians for the exchange-traded product. This represents another major financial institution moving forward with bitcoin ETF plans and selecting established crypto custody providers.

Key Takeaways
  • Morgan Stanley filed an updated S-1 form for its proposed bitcoin ETF with named custodians
  • Coinbase and BNY were selected as the custody providers for the bitcoin holdings
  • This adds Morgan Stanley to the growing list of traditional finance firms pursuing bitcoin ETFs
  • The custodian selection indicates progress toward potential ETF approval and launch
  • Major banks are increasingly embracing bitcoin through ETF product offerings
Mentioned Tokens
$BTC$0.0000+0.0%
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