Interesting: Morgan Stanley has just disclosed the details of its Bitcoin spot ETF. It will trade under the ticker MSBT and will start with initial capital of 1 million US dollars. More and more major financial institutions are pushing into the crypto market in order to make Bitcoin accessible to everyday investors.

What’s special about Morgan Stanley’s BTC Spot ETF is that Coinbase will act as the custodian and BNY will handle the administration. If the SEC approves, the new spot ETF would join 11 others—and these have already attracted over 56 billion US dollars from investors. This shows that the appetite for Bitcoin exposure via traditional channels really is there.

In addition to this BTC ETF, Morgan Stanley has also filed an application for a Solana ETF, but so far there have been no updates. Interestingly, the bank has also purchased two test shares of the Bitcoin spot ETF in order to check how it works.

On a side note: Bhutan has quietly sold about 70% of its Bitcoin—from 13,000 BTC down to just 3,954. This suggests that the country has slowed down or halted its mining program. While Wall Street is building Bitcoin ETFs, Bhutan is reducing its direct holdings. Quite different strategies.