Morgan Stanley gets low-fee Bitcoin spot ETF
The NYSE approved Morgan Stanley’s spot Bitcoin ETF, which will launch with a 0.14% fee—positioning MS to compete aggressively on cost in digital-asset product distribution. The listing is framed as part of Morgan Stanley’s multi-year digital-asset roadmap and reflects years of infrastructure upgrades to support new market products. (crowdfundinsider.com)
Morgan Stanley’s amended SEC registration shows the trust will trade under ticker MSBT with a creation-unit basket size of 10,000 shares and an initial seed basket of 50,000 shares expected to raise about $1 million. (sec.gov) The S-1 names Coinbase Custody to hold the fund’s Bitcoin in offline cold storage and Bank of New York Mellon as the ETF’s cash custodian, administrator and transfer agent. (coindesk.com) Morgan Stanley’s filing explicitly allows creations and redemptions to be satisfied with either cash or Bitcoin, a mechanism that enables in-kind arbitrage through institutional channels. (coincentral.com) The document lists Jane Street, Virtu Americas and Macquarie Capital as authorized participants tasked with creating and redeeming large blocks of shares for the trust. (cointelegraph.com) Net asset value for the trust will be calculated using the CoinDesk Bitcoin Benchmark 4PM New York Settlement Rate as the daily reference price in the prospectus. (coindesk.com) Morgan Stanley filed for a national trust bank charter for “Morgan Stanley Digital Trust, National Association” with the OCC on Feb. 18, 2026, signaling plans to internalize custody, trading and staking capabilities over time. (crowdfundinsider.com) The firm has also been preparing retail and execution plumbing: Morgan Stanley disclosed a partnership and investment in Zerohash and plans to enable crypto trading on E*Trade via that partner in 2026 for liquidity, custody and settlement functions. (cnbc.com)
