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The Morgan Stanley Bitcoin Trust is a Delaware statutory trust formed on December 16, 2025, that operates as an exchange-traded fund (ETF) seeking to track the performance of bitcoin. The Trust holds bitcoin and values its shares daily based on the CoinDesk Bitcoin Benchmark 4PM NY Settlement Rate, adjusted for expenses. Morgan Stanley Investment Management Inc. serves as the Delegated Sponsor, managing day-to-day operations under a delegation agreement with AGS Trustees Limited, the Cayman Trustee. The Trust offers shares continuously, with creation and redemption limited to Authorized Participants in blocks of 10,000 shares (Baskets). The Trust charges a unitary Delegated Sponsor Fee of 0.14% annually. As of March 9, 2026, the Trust held $100 in cash from a seed capital contribution. The Trust is an emerging growth company and is not registered as an investment company under the 1940 Act. Shares are expected to list on NYSE Arca under the ticker symbol "MSBT."
Shares Offered
50,000
Offering Amount
Indeterminate amount registered
Share Type
Common Shares of Beneficial Interest
Exchange
NYSE Arca, Inc.
Ticker
MSBT
Use of Proceeds: Proceeds consist of bitcoin deposited in connection with the creation of Baskets, held to pay fees and expenses or for redemption.
The Morgan Stanley Bitcoin Trust is an exchange-traded fund that issues common shares of beneficial interest representing fractional undivided beneficial interest in the Trust, which holds bitcoin.