Morgan Stanley Files for MSBT, Its First Spot Bitcoin ETF with $1M Seed Capital

Morgan Stanley has filed an amended S-1 with the SEC to launch MSBT, a spot Bitcoin ETF trading on NYSE Arca, backed by $1 million seed capital and supported by partners like BNY Mellon and Coinbase. This marks Morgan Stanley as the first major U.S. bank to pursue direct issuance of a Bitcoin ETF, leveraging its vast $8 trillion client base to potentially drive up to $160 billion in Bitcoin demand. Going forward, regulatory approval and investor adoption will determine the ETF's impact on institutional Bitcoin investment and the broader cryptocurrency market.