Morgan Stanley filed a registration assertion with the U.S. Securities and Alternate Fee on Jan. 6, 2026, in search of approval to launch a spot bitcoin exchange-traded fund.
What Morgan Stanley filed
The submitting, made by way of a Type S-1, proposes an ETF referred to as the Morgan Stanley Bitcoin Belief.
The belief is structured to trace the value of bitcoin, web of charges and bills.
If accredited, shares would listing on a nationwide securities alternate below a ticker image that has not but been disclosed.
How the belief would work
Morgan Stanley Funding Administration would sponsor the belief
The fund would maintain bitcoin straight quite than utilizing derivatives or leverage.
Its web asset worth can be calculated day by day utilizing a chosen bitcoin pricing benchmark derived from exercise on main spot exchanges.
The belief is described as passive, that means it could not try to commerce bitcoin based mostly on market situations.
Creation, redemption, and buying and selling
Shares can be created and redeemed solely in giant blocks by approved members, both in money or in type.
Money transactions can be executed by way of third-party bitcoin counterparties chosen by the sponsor.
Retail traders would be capable of purchase and promote shares on the secondary market by way of brokerage accounts.