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⛓️ Crypto🟢 Bullish

Morgan Stanley Names Coinbase as Co-Custodian in Bitcoin ETF Amendment

U.Today|Godfrey Benjamin||1 views
🤖AI Summary

Morgan Stanley has amended its Bitcoin ETF filing to name Coinbase as a co-custodian for the Morgan Stanley Bitcoin Trust. This partnership gives Coinbase a significant role in institutional Bitcoin custody services for one of the world's largest investment banks.

Key Takeaways
  • Morgan Stanley has officially designated Coinbase as a co-custodian in its Bitcoin ETF amendment.
  • This partnership strengthens Coinbase's position in institutional custody services.
  • The move demonstrates growing institutional adoption of crypto custody solutions.
  • Morgan Stanley's Bitcoin Trust now has enhanced custody infrastructure through Coinbase.
  • This development could increase institutional confidence in Bitcoin ETF products.
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