Morgan Stanley wants its planned spot bitcoin The ETF will trade under the symbol MSBT when it debuts.
The investment bank disclosed the symbol in its latest filing with the U.S. Securities and Exchange Commission (SEC), amending its January application for the fund.
The filing also revealed key details of the fund, including a creation unit of 10,000 shares needed to build the ETF and a planned initial investment of $1 million, or the seed money used to start the fund. The investment bank bought two shares earlier this month for audit purposes, he added.
According to a previous filing, BNY Mellon has been appointed to handle the fund’s cash and administrative functions, while Coinbase will act as primary broker and custodian of its Bitcoin holdings.
Morgan Stanley’s move underscores Wall Street’s growing push toward cryptocurrencies, as established banks and custodians work to make bitcoin more accessible to mainstream investors.
If approved, Morgan Stanley’s ETF would allow investors to gain exposure to bitcoin without owning it, joining 11 other spot ETFs, including BlackRock’s IBIT, that have been active since January 2024. Those funds have already attracted more than $56 billion in investor inflows.
The investment bank also filed for a Solana ETF alongside bitcoin earlier this year, but has yet to submit updates for that fund.
