Morgan Stanley Advances Spot Bitcoin ETF Plan with Structural Details

Morgan Stanley has made significant progress in its efforts to launch a spot bitcoin ETF. According to a recent filing, the company has unveiled new structural details and custody partners for the proposed Bitcoin Trust.

The Bitcoin Trust, which will be managed by Morgan Stanley Investment Management Inc., a subsidiary of Morgan Stanley, aims to track the digital asset's market price. This move is seen as a key development in the cryptocurrency market, as it brings Wall Street closer to the industry.