just saw morgan stanley is working with some major custody providers on a bitcoin etf proposal. they're apparently tapping coinbase and bny mellon to handle the custodial side of things. pretty interesting move from morgan stanley given how institutional adoption has been picking up lately. the custody setup is usually the tricky part for these etf applications, so having solid infrastructure backing it could actually matter. wonder if this signals more traditional finance players getting serious about btc products or if it's just routine at this point. either way, morgan stanley getting involved usually gets some attention in the space