Just saw that Morgan Stanley is working with some pretty heavy hitters on their Bitcoin ETF setup. They're tapping both Coinbase and BNY Mellon to handle the custody side of things. Pretty interesting how the major financial players are building out their Bitcoin ETF infrastructure these days. The custodian piece is crucial for these institutional products - you need someone solid holding the actual assets. This kind of setup shows how Bitcoin custody solutions have matured enough for the big money to feel comfortable moving in. Worth watching how this plays out with their launch.

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