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

ZkProver · 2026-03-04T16:06:57+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 for Bitcoin custody, primarily employing offline cold storage to reduce hacking risks. BNY Mellon will also be responsible for fund management, transfers, and cash custody.

ZkProver

2026-03-04 16:06:57

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ChainCatcher reports that, according to CoinDesk, Morgan Stanley has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC), revealing its planned Morgan Stanley Bitcoin Trust 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’s administrator, transfer agent, and cash custodian, responsible for accounting, shareholder records, and cash flows related to ETF transactions.

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