Morgan Stanley has submitted a second amended S-1 filing to the U.S. Securities and Exchange Commission (SEC) for its spot Bitcoin ETF. This update adds operational details, signaling progress in the application process, although approval remains uncertain.
In a previous amendment, the investment giant disclosed its partnerships with BNY Mellon and Coinbase. BNY Mellon will serve as the cash custodian, administrator, and transfer agent, while Coinbase will act as the primary broker and custodian for the fund's Bitcoin holdings. Additionally, the filing confirmed that if approved, the proposed Bitcoin ETF would trade on NYSE Arca under the ticker symbol MSBT.
Should this come to fruition, Morgan Stanley would join a growing list of issuers vying for a piece of the U.S. spot Bitcoin ETF market. Products launched since January 2024 have already attracted over $56 billion in cumulative inflows, according to SoSoValue.
Morgan Stanley's foray into cryptocurrencies is not entirely new. It has previously allowed certain brokerage clients to trade digital assets, and the recent ETF launch from fellow Wall Street giant BlackRock may offer some precedent.
Meanwhile, Bitcoin is trading around $70,000 at the time of writing, up less than 1% in the past 24 hours and down over 2% in the last seven days. The original cryptocurrency has gained at least 4% in value over the past month, though it remains nearly 44% below its all-time high of $126,000 set in October 2025.