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【Morgan Stanley designates Coinbase and BNY Mellon as custodians for its Bitcoin ETF】
Odaily Planet Daily News: Morgan Stanley has designated Coinbase and BNY Mellon to provide custodial services for its proposed Bitcoin ETF. BNY Mellon will also serve as the administrator, transfer agent, and cash custodian, responsible for accounting, shareholder records, and cash flows related to ETF trading. Additionally, according to Morgan Stanley's filed S-1 form, Morgan Stanley's Bitcoin will mainly be stored in offline cold wallets with private keys disconnected from the internet to reduce hacking risks. (CoinDesk)