Morgan Stanley has submitted a second revised S 1 filing to the United States Securities and Exchange Commission to move forward with its proposed spot Bitcoin exchange traded fund. The update provides more detail about how the product will operate, although approval is not guaranteed.
The filing explains that the fund will begin with a seed basket of 50,000 shares, aiming to raise about one million dollars. Earlier this month, the bank also completed a routine step by purchasing a small number of shares for auditing purposes.
Morgan Stanley confirmed key partners involved in the ETF. BNY Mellon will oversee cash custody, administration, and transfer agency services. Coinbase will act as prime broker and will safeguard the fund’s Bitcoin holdings. If approved, the ETF is expected to trade on NYSE Arca under the ticker MSBT.
The bank originally applied for the Bitcoin ETF in January, alongside proposals for investment products tied to Solana. At that time, it pointed to clearer regulations under the Trump administration as a reason for expanding into crypto assets. While management fees have not yet been disclosed, the ETF could potentially launch within weeks under the SEC’s standard listing framework.
If it goes live, Morgan Stanley would join a growing group of firms offering spot Bitcoin ETFs in the United States. Since their introduction in January 2024, these products have attracted more than 56 billion dollars in total inflows, based on data from SoSoValue.
Institutional Interest in Crypto Continues to Grow
Morgan Stanley has already taken steps into the digital asset space by allowing select brokerage clients to trade cryptocurrencies. Developments from other major firms, including BlackRock, provide a glimpse of what may lie ahead.
BlackRock has been active in crypto investment products and recently introduced a staked Ethereum ETF. On its first day, the fund recorded trading volume exceeding 15 million dollars. Although that figure was relatively modest compared to its more established offerings, it still demonstrated ongoing interest in new crypto investment products.
At the time of writing, Bitcoin was trading close to 70,000 dollars. It showed a slight gain over the past 24 hours but remained down more than 2 percent over the past week. Over the past month, the leading cryptocurrency has increased by at least 4 percent in value, although it is still about 44 percent below its all time high of over 126,000 dollars reached in October 2025.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
