Morgan Stanley Files SEC S-1 for $BTC Trust — Is Wall Street About to Pile In?

Morgan Stanley has taken another concrete step into crypto markets after filing a Form S-1 registration statement with the U.S. Securities and Exchange Commission on Jan. 6, positioning the bank to launch a spot bitcoin exchange-traded fund if approved. The proposed product, named the Morgan Stanley Bitcoin Trust, would track the price of bitcoin directly, marking a shift from distributing third-party crypto products to building in-house vehicles. Morgan Stanley Targets Simple, Price-Tracking Bitcoin ETF The filing shows that the trust is structured as a passive ETF designed to mirror Bitcoin’s price performance in U.S. dollars, minus fees and expenses. It will hold bitcoin directly rather than using leverage, derivatives, or active trading strategies. Source: SEC Net asset value will be calculated daily using a pricing benchmark derived from aggregated activity across major spot bitcoin exchanges. Shares are expected to list on a national securities exchange under a ticker that has...

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