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Morgan Stanley names Coinbase and BNY as custodians in proposed bitcoin ETF filing update
🤖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
#morgan-stanley#bitcoin-etf#coinbase#bny#custody#s1-filing#traditional-finance#etf#bitcoin#institutional
Read Original →via The Block
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