Morgan Stanley files for spot Bitcoin ETF, names Coinbase and BNY Mellon as custodians

Morgan Stanley has filed a new application with the SEC for a spot Bitcoin ETF, designating Coinbase and BNY Mellon as custodians. This move aligns with a broader trend of institutional adoption, as major Wall Street firms increasingly seek to offer clients regulated products that provide direct exposure to cryptocurrencies. The SEC requires that these spot ETFs utilize qualified custodians like Coinbase and BNY Mellon to ensure the safe management of the underlying Bitcoin assets.

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