Morgan Stanley Picks Coinbase, BNY Mellon as Custodians for Planned Bitcoin ETF
Morgan Stanley has selected Coinbase and BNY Mellon as custodians for its upcoming Bitcoin exchange-traded fund (ETF). This move signifies a growing institutional interest in cryptocurrency investment products. Coinbase will provide digital asset custody services, while BNY Mellon will handle the traditional custody aspects. The collaboration aims to ensure regulatory compliance and secure asset management for the ETF. This development highlights the increasing integration of traditional finance with the cryptocurrency market.
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