Morgan Stanley has announced the selection of Coinbase and BNY Mellon as custodians for its proposed Bitcoin Exchange-Traded Fund (ETF). This decision marks a significant development in the bank's approach to cryptocurrency investments.
According to the reports, Coinbase will handle the custody of the Bitcoin assets, while BNY Mellon will manage the fund's administration. The collaboration aims to leverage Coinbase's expertise in digital asset security and BNY Mellon's experience in fund management.
The proposed Bitcoin ETF is still awaiting regulatory approval. If approved, it would provide investors with a regulated means to gain exposure to Bitcoin through traditional financial markets.
Key facts
- Morgan Stanley has chosen Coinbase and BNY Mellon as custodians for its Bitcoin ETF.
- Coinbase will manage the custody of Bitcoin assets.
- BNY Mellon will handle fund administration.
- The ETF is pending regulatory approval.
Sources
About Leonard Kravets
cryptocurrency journalist and market analyst focused on the intersection of blockchain, culture, and real-world adoption. Known for his clear, data-driven writing style, he covers emerging altcoins, DeFi trends, and the risks behind hype-driven projects. With a strong emphasis on education, transparency, and spotting potential scams before they spread.
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