Foresight News
Foresight News|Mar 20, 2026 01:34
[Morgan Stanley Submits Amended Bitcoin ETF Filing: Supports Physical Redemptions, Raises $1 Million in Seed Funding] Foresight News reports, according to official documents, Morgan Stanley has submitted an S-1/A amended filing for its Bitcoin spot ETF, the 'Morgan Stanley Bitcoin Trust' (MSBT). The filing reveals that the trust has raised $1 million in seed funding through the sale of 50,000 seed shares at a price of $20 per share. The ETF explicitly supports both cash and physical subscription and redemption models. In addition to regular authorized participants like Virtu Americas and Jane Street, Macquarie Capital is also included. Furthermore, Coinbase Custody and BNY Mellon serve as Bitcoin custodians, with BNY Mellon also acting as the administrator, cash custodian, and transfer agent. The trust is required to pay a fixed trustee fee of $20,000 annually and will not participate in any Bitcoin forks or airdrops.
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