Overview
- Morgan Stanley’s amended S-1 confirms NYSE Arca ticker MSBT, 10,000-share creation units, and a 50,000-share seed expected to raise about $1 million.
- Coinbase Custody is designated to hold the fund’s bitcoin in cold storage, and BNY Mellon will serve as cash custodian, administrator, and transfer agent.
- The trust will use the CoinDesk Bitcoin Benchmark at 4:00 p.m. New York time for daily pricing and will support both cash and in-kind creations and redemptions.
- Key costs, including the management fee and expense ratio, remain undisclosed, and trading can begin only after the SEC declares the registration effective, with a backlog of more than 126 crypto ETF applications shaping the timeline.
- One outlet reported Fidelity was added as a custodian and that fees would be waived on the first $5 billion for six months, a detail not broadly corroborated in other filings or reports.