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Just saw Morgan Stanley is setting up Bitcoin custody through BNY Mellon and Coinbase for their new Bitcoin Trust. Pretty interesting move - they're basically copying what BlackRock did with their iShares fund. Speaking of which, BlackRock also uses BNY Mellon as their cash custodian, so seems like the big money is consolidating around these names for institutional custody. Morgan Stanley filed back in January and now they're also going after Ethereum and Solana ETFs too. The whole setup with dual custodians makes sense though - BlackRock started with just Coinbase but added Anchorage Digital later, so having multiple players handling custody seems to be the safer play for these massive funds. Feels like we're watching the traditional finance playbook getting copied for crypto, one institutional product at a time. Anyone else notice how BNY Mellon keeps popping up in all these major ETF structures?