Morgan Stanley Seeks Approval for Morgan Stanley Bitcoin Trust Spot ETF in March 2026 Filing

On March 4, 2026, Morgan Stanley filed an amended S-1 for the Morgan Stanley Bitcoin Trust, aiming to launch a proprietary spot Bitcoin ETF with shares listed on NYSE Arca. The product would track the CoinDesk Bitcoin Benchmark Rate, use Coinbase Custody for digital asset safekeeping, and rely on BNY Mellon for fund administration and cash custody. Analysts suggest the bank's entry could help lift total U.S. spot Bitcoin ETF assets to as much as $220 billion by the end of 2026, with some institutional forecasts placing Bitcoin between $150,000 and $200,000 by late 2026 if the product is approved.