The move changes the share creation mechanism for the bank’s spot Bitcoin ETF, a structure closely watched for its impact on trading efficiency and fund operations.
Morgan Stanley has launched in-kind creations for its spot Bitcoin ETF. In-kind creations let authorized participants exchange the underlying asset for ETF shares, rather than relying on cash-only transactions, a structure market participants watch because it can improve operational efficiency and reduce frictions in how ETF shares are issued and redeemed.