Banking Giant Morgan Stanley Files for Its Own Bitcoin ETF
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Bitcoin Morgan Stanley submitted an amended S-1 filing on March 4, 2026 for the Morgan Stanley Bitcoin Trust – making it the first major U.S. bank to pursue a proprietary, branded spot Bitcoin ETF. Key Takeaways Morgan Stanley filed an amended S-1 for its own branded Bitcoin ETF on March 4, 2026 – the first major U.S. bank to do so Coinbase Custody and BNY Mellon named as custodial and administrative partners; shares to list on NYSE Arca Analysts project the move could push total U.S. spot Bitcoin ETF assets to $180–$220 billion by end of 2026 Regulatory approval could come within 75 days, with Bitcoin price targets ranging from $150K–$200K by late 2026 The move is being closely watched across Wall Street as a potential turning point for institutional crypto adoption. The trust is structured as a passive investment vehicle tracking the CoinDesk Bitcoin Benchmark Rate, settled at 4 PM New York time. Shares are expected to list on NYSE Arca. The bank named Coinbase Custody as its digital asset custodian – relying primarily on offline cold storage – while BNY Mellon will take on the roles of fund administrator, transfer agent, and cash custodian. In a parallel filing, Morgan Stanley also moved forward with a Solana Trust, pointing to a broader strategic pivot into the digital asset space rather than a one-off market experiment. Why the Branding Matters What’s drawing attention isn’t just the filing itself, but the name on it. Morgan Stanley typically distributes funds under subsidiary brands – Calvert and Eaton Vance – not under its own banner. Bloomberg Intelligence analysts flagged this directly, describing the decision to use the Morgan Stanley name as a signal of “high conviction” from the firm’s leadership. ProCap CIO Jeff Park offered a blunter interpretation: the filing is a defensive…
Filed under: News - @ March 5, 2026 4:25 pm