Morgan Stanley appoints Coinbase and BNY Mellon as custodians for upcoming Bitcoin ETF

Morgan Stanley has announced BNY Mellon and Coinbase as custodians for its proposed Bitcoin ETF. The Securities and Exchange Commission has yet to approve this ETF for trading.

The bank’s digital assets strategy head stated the importance of developing in-house capabilities for Bitcoin custody, trading, and lending services as part of its overall crypto strategy.

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