Morgan Stanley Chooses Coinbase And BNY Mellon For Its Bitcoin ETF

According to the S1 filing, Coinbase Custody Trust Company will serve as the Bitcoin custodian to safeguard Morgan Stanley’s digital assets.

• Morgan Stanley filed an amended registration statement for its Bitcoin Trust, aiming to offer investors Bitcoin exposure through brokerage accounts.
• The ETF will hold Bitcoin directly and track its price using the CoinDesk Bitcoin Benchmark 4 PM New York Settlement Rate.
• The filing outlines a custody structure using primarily offline cold storage to reduce hacking risks.

Morgan Stanley filed an amended registration statement with the US Securities and Exchange Commission on Wednesday for its Bitcoin Trust.

According to the S1 filing, Coinbase Custody Trust Company will serve as the Bitcoin custodian to safeguard Morgan Stanley’s digital assets. The filing also states that BNY Mellon will be the administrator and transfer agent, handling the fund's accounting and shareholder services.

On January 6, Morgan Stanley filed for the Morgan Stanley Bitcoin Trust, making it the first US bank to do so. The bank also filed for a Solana ETF at the same time. The SEC filing shows that the ETF's goal is to give investors access to Bitcoin through regular brokerage accounts without requiring them to own the cryptocurrency directly.