Overview
- Morgan Stanley’s second amended S-1 names NYSE Arca ticker MSBT, sets a 10,000-share creation unit, and seeds the trust with a 50,000‑share basket targeting about $1 million.
- The filing records the purchase of two shares on March 9 for audit purposes ahead of a potential launch.
- Coinbase Custody is designated to hold the trust’s bitcoin in cold storage, while BNY Mellon will handle cash custody, administration and transfer agent duties.
- The trust will allow both cash and in‑kind creations and redemptions, and daily pricing will reference the CoinDesk Bitcoin Benchmark at 4:00 p.m. New York time.
- Key commercial terms such as the expense ratio are not disclosed, and the fund cannot launch without SEC effectiveness, with industry reports noting a large backlog of crypto ETF applications.