Morgan Stanley has moved closer to launching its Bitcoin ETF after filing Amendment No. 4 with the US Securities and Exchange Commission.
The proposed Morgan Stanley Bitcoin Trust, expected to trade under ticker MSBT on NYSE Arca, is designed as a passive fund tracking Bitcoin’s price.
“My base assumption is that this is the last amendment before we get a finalised prospectus and this thing launches next week,”
Said Bloomberg ETF analyst, James Seyffart.
The filing includes updates to custody, pricing methodology and operational structure following regulatory feedback from the SEC.
The ETF will charge a 0.14% annual fee, undercutting competitors such as BlackRock’s iShares Bitcoin Trust, which charges 0.25%.
Following the announcement the Bitcoin ETF competition intensified.
The fund will not use leverage or active trading strategies, instead passively tracking Bitcoin using the Coindesk Bitcoin Benchmark.
Custody will be handled by Bank of New York Mellon and Coinbase Custody, with assets stored in cold storage to enhance security.
At the time of reporting, Bitcoin price was $66,545.15.