Interesting, Morgan Stanley has apparently made a firm decision for their Bitcoin ETF custodians. They chose BNY Mellon and Coinbase as storage providers, similar to BlackRock's strategy with the iShares Bitcoin Trust, which also uses two custodians for redundancy. From the S-1 document they submitted last month, it’s clear they learned from IBIT’s experience, which initially relied on only one custodian and only added Anchorage Digital later. So now all the heavyweights on Wall Street are taking Bitcoin ETFs seriously, each with different storage strategies. It’s quite impressive to see how they organize infrastructure for this fund; custodians are no small matter. Do you think this will make Bitcoin adoption more mainstream?

BTC-1.65%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments