Morgan Stanley plans to choose Coinbase and BNY Mellon as the custodians for its Bitcoin ETF

By: rootdata|2026/03/04 20:43:40
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According to CoinDesk, Morgan Stanley has submitted an S-1 form to the U.S. Securities and Exchange Commission (SEC), disclosing that its planned Morgan Stanley Bitcoin Trust will use Coinbase Custody and Bank of New York Mellon (BNY Mellon) as Bitcoin custodians.

According to the submitted documents, the trust will primarily use offline cold storage to safeguard Bitcoin, with private keys disconnected from the internet to reduce the risk of hacking. BNY Mellon will also serve as the fund administrator, transfer agent, and cash custodian, responsible for handling accounting, shareholder records, and cash flow related to ETF transactions.

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