Summary
- It said the listing timeline for Morgan Stanley’s spot Bitcoin (BTC) exchange-traded fund (ETF) is becoming clearer.
- Bloomberg ETF analyst James Seyffart said the ETF is highly likely to list on April 8.
- The ETF is known by the ticker 'BITA', and it said the market is watching the impact a major financial institution’s ETF launch could have on expanding demand for Bitcoin investment.
Forecast Trend Report by Period
An analysis suggests that the timeline for listing Morgan Stanley’s spot Bitcoin (BTC) exchange-traded fund (ETF) is becoming clearer.
Bloomberg ETF analyst James Seyffart said on X (formerly Twitter) on the 1st (local time) that the ETF is highly likely to list on April 8 (local time).
Morgan Stanley recently filed an amended registration statement (S-1) for the ETF and is currently awaiting final approval from the U.S. Securities and Exchange Commission (SEC).
The ETF’s ticker is said to be 'BITA', and its fee has not yet been disclosed.
The market is watching how the launch of an ETF by a major financial institution could affect expanding demand for Bitcoin investment.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
