🚨UPDATE: MORGAN STANLEY FILES UPDATED S-1 FOR BITCOIN ETF
Morgan Stanley has submitted a second amended S-1 filing with the SEC
The proposed fund is named the Morgan Stanley Bitcoin Trust
The updated S-1 reflects continued dialogue with the SEC. Such amendments are common in the approval process
The filing reveals an initial seed investment of 50,000 shares. The seed capital is expected to raise around $1 million. Each creation basket is set at 10,000 shares
Approval, however, is still not guaranteed at this stage