Morgan Stanley names BNY Mellon, Coinbase as custodians for BTC trust

Morgan Stanley has designated BNY Mellon and Coinbase Custody Trust Company as custodians for its upcoming product, the Morgan Stanley Bitcoin Trust. According to a recent filing on the U.S. Securities and Exchange Commission (SEC) EDGAR system, the two firms will serve as "Bitcoin Custodians," holding the Bitcoin that underlies the trust.