Morgan Stanley has updated its Bitcoin ETF application, adding Fidelity as a custodian and disclosing that the fund will trade on the NYSE Arca market under the ticker symbol MSBT. Morgan Stanley's Bitcoin Trust will provide a six-month fee waiver for the first $5 billion in investments. The bank, which manages nearly $9 trillion in client assets, has been actively advancing its positioning in the cryptocurrency sector, including plans to establish independent Bitcoin custody and trading services.
Morgan Stanley has updated its Bitcoin ETF application, adding Fidelity as a custodian and disclosing that the fund will trade on the NYSE Arca market under the ticker symbol MSBT. Morgan Stanley's Bitcoin Trust will provide a six-month fee waiver for the first $5 billion in investments. The bank, which manages nearly $9 trillion in client assets, has been actively advancing its positioning in the cryptocurrency sector, including plans to establish independent Bitcoin custody and trading services.