NYDIG files for US-based Bitcoin ETF, with Morgan Stanley on board
The crypto-focused financial services company has filed S-1 paperwork with the SEC, reigniting the debate over a Bitcoin ETF. New York Digital Investment Group, or NYDIG, has submitted paperwork with the United States Securities and Exchange Commission to launch a new Bitcoin exchange-traded fund. NYDIG filed a Form S-1 registration statement for a Bitcoin ETF with the SEC on Tuesday. The submission lists NYDIG Trust Company LLC as the fund’s Bitcoin custodian and Morgan Stanley as an authorized participant. As an authorized participant, Morgan Stanley is expected to sell shares to the....
Related News
CNBC has learned that bank giant Morgan Stanley will offer its client access to Bitcoin. According to an internal memo by the banking institution, crypto firm Galaxy Digital and FS NYDIG will enable the product. NYDIG is proud to partner with Morgan Stanley, the first US bank to offer access to #Bitcoin for their wealth […]
A new filing with the SEC indicates that another Morgan Stanley bitcoin fund will stem from the partnership of NYDIG and FS Investments.
Per a filing with the U.S. Securities and Exchange Commission (SEC), banking giant Morgan Stanley holds several shares of the Grayscale Bitcoin Trust (GBTC). Pseudonym market analyst MacroScope broke the news via Twitter. The SEC files indicated that over 30 Morgan Stanley funds hold large amounts of GBTC shares. The biggest seems to be Morgan’s […]
An analyst at the New York-based financial services and investment management company Morgan Stanley detailed on Monday that crypto liquidity seems to be recovering. Morgan Stanley’s Sheena Shah highlighted in a note to investors that the stablecoin market capitalization is seeing fewer redemptions for the first time since April. Morgan Stanley Investors’ Note Says Crypto Winter Could Be Thawing, but Re-Leverage Demand Is Still Non-Existent The crypto winter may be starting to warm as institutional investors have halted the redemption of the crypto economy’s top two....
Morgan Stanley, a Wall Street investment bank, has gotten exposure to Bitcoin (BTC) through Grayscale, indicating that institutional adoption of digital assets is growing. Morgan Stanley Owns 28k Shares According to a June 28 filing with the US Securities and Exchange Commission, the Morgan Stanley Europe Opportunity Fund, which invests in established and growing firms […]