Morgan Stanley submits amended Bitcoin ETF application: supports physical creation and redemption, has raised $1 million in seed funding

ZkProver · 2026-03-22T02:18:30+00:00

Morgan Stanley has filed an amended application for its Bitcoin spot ETF, raising $1 million in seed funding. The fund supports cash and in-kind creation and redemption, with assets custodied by Coinbase Custody and BNY Mellon, and pays fixed trustee fees annually.

ZkProver

2026-03-22 02:18:30

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ChainCatcher News reports that according to official documents, Morgan Stanley has filed an S-1/A amendment for its Bitcoin spot ETF, “Morgan Stanley Bitcoin Trust” (MSBT). The document reveals that the trust has raised $1 million in seed funding by selling 50,000 seed shares at $20 each.

The ETF explicitly supports both cash and physical subscription and redemption modes. In addition to the usual participants Virtu Americas and Jane Street, the disclosed authorized participants also include Macquarie Capital. Coinbase Custody, together with BNY Mellon, serves as the Bitcoin custodian. BNY Mellon also acts as the administrator, cash custodian, and transfer agent. The trust will pay an annual fixed trustee fee of $20,000 and will not participate in any Bitcoin forks or airdrops.

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