Morgan Stanley Files for Spot Bitcoin ETF Registration

image

Source: CryptoNewsNet Original Title: Morgan Stanley eyes the spot bitcoin ETF market Original Link: Morgan Stanley has filed a registration statement with the US Securities and Exchange Commission, positioning itself to launch a spot bitcoin exchange-traded fund (ETF), according to a Form S-1 submitted on Jan. 6.

The product, called the Morgan Stanley Bitcoin Trust, is structured as an exchange traded fund designed to track the price of bitcoin, net of fees and expenses. If approved, the fund’s shares are expected to list on a national securities exchange under a ticker symbol that has not yet been disclosed.

The Trust is sponsored by Morgan Stanley Investment Management and will hold bitcoin directly rather than using derivatives or leverage. Its net asset value will be calculated daily using a designated bitcoin pricing benchmark derived from activity on major spot exchanges. The fund will be passive and will not attempt to trade bitcoin based on market conditions.

BTC-0.59%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)