ChainCatcher report: According to official filings, Morgan Stanley has submitted an S-1/A amendment for its spot Bitcoin ETF, the Morgan Stanley Bitcoin Trust (MSBT). The filing reveals that the trust raised $1 million in seed funding by selling 50,000 seed shares at $20 per share. The ETF explicitly supports both cash and in-kind subscription and redemption mechanisms. In addition to the usual authorized participants, Virtu Americas and Jane Street, Macquarie Capital is also listed as an authorized participant. Coinbase Custody and The Bank of New York Mellon (BNY) jointly serve as Bitcoin custodians, with BNY also acting as administrator, cash custodian, and transfer agent. The trust will pay an annual fixed trustee fee of $20,000 and will not participate in any Bitcoin forks or airdrops.
Morgan Stanley Submits Revised Bitcoin ETF Filing, Raises $1M in Seed Funding
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Summary
Morgan Stanley filed an updated S-1/A for its Bitcoin ETF, the Morgan Stanley Bitcoin Trust (MSBT). The trust secured $1 million in seed funding through 50,000 shares at $20 each. The ETF filing supports both cash and in-kind creation and redemption. Virtu Americas, Jane Street, and Macquarie Capital are authorized participants. Coinbase Custody and BNY Mellon serve as custodians, with BNY Mellon also acting as trustee. An annual fee of $20,000 will be charged, and the trust will not participate in Bitcoin forks or airdrops.
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