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Here's interesting — Morgan Stanley finally revealed who they chose as the custodian for their Bitcoin ETF. It's BNY Mellon and Coinbase Custody. Typical of them — following the same path as BlackRock with its IBIT.
An interesting detail: IBIT initially had only one custodian, then added a second. It seems the trend is to have backup options for storage. BNY Mellon also acts as the cash administrator for BlackRock's fund.
Wall Street is taking crypto very seriously. First Bitcoin, then applications for Ethereum and Solana. It will be interesting to see how all this develops further. Do you think this will change anything in the market?