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⛓️ Crypto🟢 Bullish
Morgan Stanley Will Use Coinbase and BNY to Power Its New Bitcoin ETF
🤖AI Summary
Morgan Stanley is moving closer to launching a regulated Bitcoin ETF, partnering with Coinbase for custody services and BNY (Bank of New York) for administration. This represents another major traditional financial institution entering the Bitcoin ETF space with established crypto infrastructure providers.
Key Takeaways
- →Morgan Stanley is advancing plans to launch a regulated Bitcoin ETF product.
- →Coinbase will provide custody services for the Bitcoin holdings in the ETF.
- →Bank of New York (BNY) will handle administrative functions for the ETF.
- →This partnership combines traditional financial infrastructure with established crypto custody solutions.
- →The move represents continued institutional adoption of Bitcoin investment products.
#morgan-stanley#bitcoin-etf#coinbase#bny#custody#institutional-adoption#regulated-products#traditional-finance
Read Original →via Bitcoin Magazine
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