Morgan Stanley Plans to Choose Coinbase and BNY Mellon as Bitcoin ETF Custodians


According to CoinDesk, Morgan Stanley has submitted an S-1 form to the U.S. Securities and Exchange Commission (SEC), revealing 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 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 manager, transfer agent, and cash custodian, responsible for handling accounting, shareholder records, and cash flows related to ETF transactions.
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