According to CoinDesk, Morgan Stanley filed an S-1 form with the U.S. Securities and Exchange Commission (SEC), disclosing that its planned Morgan Stanley Bitcoin Trust will use Coinbase Custody and Bank of New York Mellon (BNY Mellon) as bitcoin custodians. Per the filing, the trust will primarily store bitcoin in offline cold storage, with private keys kept offline to reduce the risk of hacking. BNY Mellon will also serve as the fund administrator, transfer agent, and cash custodian, handling accounting, shareholder records, and cash flows related to ETF transactions.
Morgan Stanley Bitcoin ETF to Use Coinbase and BNY Mellon as Custodians
TechFlowShare
Summary
Morgan Stanley’s spot Bitcoin ETF filing reveals that Coinbase Custody and BNY Mellon will serve as Bitcoin custodians. The trust will store Bitcoin in offline cold storage, with private keys kept offline to minimize hacking risks. BNY Mellon will also manage fund administration, shareholder records, and cash flows. The filing represents a key step in the Bitcoin ETF approval process.
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