Morgan Stanley’s Crypto Circus: ETFs, Staking, and SEC’s Backlog Bonanza

The updated filing (because the first one was so last season) covers the Morgan Stanley Bitcoin Trust, set to trade under the ticker MSBT on NYSE Arca. It’s the most detailed version yet, finally confirming that they’ve figured out how to price shares daily using the CoinDesk Bitcoin Benchmark. Specifically, they’re using the 4:00 PM New York settlement rate, which is basically the crypto equivalent of “happy hour pricing.”



