Morgan Stanley's Bitcoin ETF plan chooses Coinbase and BNY Mellon as custodians

DeepFlowTech · 2026-03-04T12:06:13+00:00

Morgan Stanley files Form S-1 with the U.S. Securities and Exchange Commission, planning to establish the Morgan Stanley Bitcoin Trust, using Coinbase Custody and BNY Mellon as Bitcoin custodians, primarily employing cold storage to reduce hacking risks. BNY Mellon will also be responsible for fund management and related transaction processing.

DeepFlowTech

2026-03-04 12:06:13

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Deep Tide TechFlow News, on March 4th, according to CoinDesk, Morgan Stanley filed Form S-1 with the U.S. Securities and Exchange Commission (SEC), revealing plans for the Morgan Stanley Bitcoin Trust, which will use Coinbase Custody and Bank of New York Mellon (BNY Mellon) as Bitcoin custodians.

According to the filing, the trust will primarily store Bitcoin offline in cold storage, with private keys disconnected from the internet to reduce hacking risks. BNY Mellon will also serve as the fund manager, transfer agent, and cash custodian, responsible for accounting, shareholder records, and cash flows related to ETF transactions.

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