
Bloomberg reported Morgan Stanley is set to become the first major U.S. bank to issue and sponsor a Bitcoin ETF, adding a notable institutional milestone as the product moves closer to launch.
Bloomberg reported that Morgan Stanley is expected to become the first major U.S. bank to issue and sponsor a Bitcoin ETF, adding to earlier reporting that its fund, MSBT, received an official NYSE listing notice. Bloomberg senior ETF analyst Eric Balchunas had said such a notice typically signals a product is nearing launch, though no launch date was provided. The new source content also noted that Tether paused a $20 billion fundraising plan pending a full audit and that Binance issued market maker risk guidance, but it did not provide further details on those developments.