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Morgan Stanley wants its planned spot bitcoin ETF to trade under the ticker MSBT when it debuts.
The investment bank disclosed the ticker in its latest filing with the U.S. Securities and Exchange Commission (SEC), amending its January application for the fund.
The filing also revealed key fund details, which include a 10,000-share creation unit required to build the ETF, and a planned $1 million seed investment, or the initial money used to start the fund. The investment bank bought two shares early this month for audit purposes, it added.
According to an earlier filing, BNY has been designated to handle the fund’s cash and administrative functions, while Coinbase will serve as prime broker and custodian of its Bitcoin holdings.
Morgan Stanley’s move underscores Wall Street’s growing push into crypto, as established banks and custodians work to make bitcoin more accessible to mainstream investors.
If approved, the Morgan Stanley ETF would let investors get exposure to bitcoin without owning it, joining 11 other spot ETFs, including BlackRock's IBIT, that have been active since January 2024. Those funds have already attracted over $56 billion in investor inflows.
The investment bank also filed an application for a Solana ETF alongside bitcoin earlier…
The generative AI-powered assistant for Investment Banking, Sales & Trading and Research supports staff in efficiently surfacing and distilling high-quality insights from the expansive body of Morgan Stanley Research
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Morgan Stanley (NYSE: MS) Research today announced the launch of AskResearchGPT, a unique generative AI-based assistant that addresses the needs of the bank’s Investment Banking, Sales & Trading and Research staff. AskResearchGPT can be leveraged to look for data, obtain insights and summarize information from the firm’s expansive body of Research – more than 70,000 proprietary reports published annually. With convenient, one-click access within their day-to-day workflow, the generative AI tool gives staff a more comprehensive, in-depth view of the most current Research information, so they can provide the firm’s institutional clients with higher quality service in a more effective manner.
“AskResearchGPT is emblematic of our tech-forward philosophy in Institutional Securities,” said Katy Huberty, Global Director of Research and Co-Chair of the Morgan Stanley AI Steering Committee. “Our most important objective is to provide our clients with world class analysis and information to help them generate alpha. AskResearchGPT boosts our employees’ ability to support our clients with just that – better and at scale.”
AskResearchGPT is a generative…