Morgan Stanley’s spot Bitcoin ETF seems set to start buying and selling Wednesday after the SEC declared the Morgan Stanley Bitcoin Belief efficient and the financial institution filed its ultimate prospectus.
Bloomberg ETF analyst Eric Balchunas stated in a submit on X that the fund appears set to go dwell April 8, citing a screenshot of the NYSE itemizing discover. The belief is anticipated to commerce on NYSE Arca underneath the ticker MSBT.
The submitting confirms Morgan Stanley is coming into the crowded US spot bitcoin ETF market with a bodily product that may maintain Bitcoin instantly and observe the CoinDesk Bitcoin Benchmark 4 PM NY Settlement Charge. The belief is not going to use leverage, derivatives, or lively buying and selling to attempt to outperform Bitcoin.
The product additionally arrives with aggressive pricing. Morgan Stanley disclosed a 0.14% annual delegated sponsor charge, which is under the 0.25% degree charged by BlackRock’s IBIT and decrease than most main spot Bitcoin ETFs at the moment in the marketplace.
Morgan Stanley stated BNY and Coinbase Custody Belief Firm will function Bitcoin custodians for the belief. The prospectus additionally says the preliminary seed creation baskets are anticipated to complete about $1 million, with 50,000 shares created forward of itemizing.
It is a notable step as a result of Morgan Stanley turned the primary main US financial institution to file for spot Bitcoin and Solana ETFs in January, marking a deeper push into crypto funding merchandise by a standard finance agency. Morgan Stanley additionally plans to supply Bitcoin, Ether, and Solana buying and selling by E*Commerce within the first half of 2026 by a partnership with Zerohash.
