Morgan Stanley files second amended S-1 for spot Bitcoin ETF

Global investment bank Morgan Stanley has filed a second amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a spot Bitcoin ETF, BeInCrypto reported. If approved, the ETF is expected to trade on the NYSE Arca under the ticker MSBT. If launched, the product would become the first spot ETF issued by a major U.S. bank. This would change Morgan Stanley's position from a distributor of spot Bitcoin ETFs to an issuer. The latest amendment reportedly includes additional details related to the product's operation, such as settlement standards, initial issuance volume, and custody arrangements. Meanwhile, as of March, the SEC is reportedly reviewing more than 126 crypto ETF applications.