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Morgan Stanley Amends Spot Bitcoin ETF Filing, Sets 0.14% Annual Fee

NYSE Arca has approved Morgan Stanley’s spot Bitcoin ETF for trading, adding exchange clearance to the bank’s proposed MSBT product with Coinbase as custodian and BNY Mellon in operational roles.

BTC

Summary

NYSE Arca approved Morgan Stanley’s spot Bitcoin ETF, MSBT, for trading, marking a significant step beyond the bank’s earlier amended SEC filing that disclosed a 0.14% annual fee. Morgan Stanley had filed the fund’s S-1 in January 2026 with $1 million in seed capital. According to the latest details, Coinbase will custody the fund’s Bitcoin, while BNY Mellon will provide cash management, administration, and transfer agency services.

Terms & Concepts
  • Spot Bitcoin ETF: An exchange-traded fund that holds Bitcoin directly and is designed to track the asset’s market price rather than derivatives.
  • NYSE Arca: A U.S. exchange platform that lists and trades exchange-traded products, including ETFs, subject to regulatory approval.
  • Custody: The safekeeping of assets by a designated provider; in crypto ETFs, this refers to holding the fund’s Bitcoin securely on behalf of investors.