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I found this news about Morgan Stanley interesting. Basically, the Wall Street giant has finally decided who will handle the bitcoins for its future fund: BNY Mellon and Coinbase Custody. It's similar to what BlackRock did with IBIT, which also uses these custodians. By the way, IBIT started with only Coinbase but later added Anchorage Digital as a second custodian to diversify.
Morgan Stanley has been preparing this since January when they first submitted the S-1 document. Now that they've chosen custodians for the Bitcoin Trust, they are already applying for registration for Ethereum and Solana ETFs as well. It seems that Wall Street is really taking the custody of these assets seriously, right? With BNY Mellon involved, it becomes more credible for institutional investors.