Morgan Stanley files amended S-1 for spot Bitcoin (BTC) ETF, seeking to transition to issuer
Summary
- Morgan Stanley has reportedly submitted a second amended S-1 to the SEC to launch a spot Bitcoin (BTC) ETF.
- If approved by the SEC, the ETF is expected to be listed on NYSE Arca under the ticker "MSBT."
- Morgan Stanley said the filing would shift its position to an issuer and laid out details such as settlement benchmarks, initial issuance size, and the custody structure.
Forecast Trend Report by Period
Morgan Stanley is stepping up preparations to launch a spot Bitcoin (BTC) exchange-traded fund (ETF).
According to crypto-focused outlet BeInCrypto on the 19th (local time), Morgan Stanley recently filed a second amended securities registration statement (S-1) with the U.S. Securities and Exchange Commission (SEC) for its spot Bitcoin ETF.
If approved by the SEC, the ETF is expected to list on NYSE Arca under the ticker "MSBT." It could become the first spot Bitcoin ETF issued by a major U.S. bank.
Through this filing, Morgan Stanley would shift its position from an ETF distributor to an issuer.
The amendment is said to include operational details such as settlement benchmarks, initial issuance size, and the custody structure.
Meanwhile, more than 126 applications for crypto ETF approvals are reportedly under review at the SEC.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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