Morgan Stanley Bitcoin Trust Files Prospectus Supplement

TL;DR

MSFT files Bitcoin Trust prospectus, signaling crypto play.

AI Summary

Morgan Stanley Bitcoin Trust filed a 424B3 prospectus on April 6, 2026, detailing its offerings related to Bitcoin. The filing, with SEC Accession No. 0001104659-26-039992, originates from Morgan Stanley, located at 1585 Broadway, New York, NY 10036. This document serves as a prospectus supplement for the trust.

Why It Matters

This filing indicates Morgan Stanley's continued involvement and potential expansion into the cryptocurrency investment space, specifically with Bitcoin-related products.

Risk Assessment

Risk Level: medium — Cryptocurrency investments carry inherent volatility and regulatory risks, which are amplified by the nature of Bitcoin.

Key Numbers

• 424B3 — Form Type (Indicates a prospectus supplement filing)
• 0001104659-26-039992 — SEC Accession No. (Unique identifier for the filing)

Key Players & Entities

• Morgan Stanley Bitcoin Trust (company) — Filer of the prospectus
• Morgan Stanley (company) — Parent company/issuer
• 0002103612 (company) — CIK number for Morgan Stanley Bitcoin Trust
• 1585 BROADWAY NEW YORK NY 10036 (location) — Mailing and Business Address
• 0001104659-26-039992 (filing_id) — SEC Accession Number
• 2026-04-06 (date) — Filing Date

FAQ

Key Financial Figures

• $71,186 — the Pricing Benchmark was approximately $71,186. The Delegated Sponsor served as the
• $50 — rising 2 Shares at a per-Share price of $50 as described in "Audit Seed/Initial See
• $100 — ale of these Seed Creation Baskets were $100. Delivery of the Seed Creation Baskets
• $1 million — Creation Baskets are anticipated to be $1 million. Prior to the listing of the Shares on

Filing Documents

• tm2534140-20_424b3.htm (424B3) — 1424KB
• 0001104659-26-039992.txt ( ) — 1425KB

RISK FACTORS

RISK FACTORS 15 BITCOIN, BITCOIN MARKETS AND REGULATION OF BITCOIN 64 THE TRUST AND BITCOIN PRICES 69 NAV DETERMINATIONS 76 ADDITIONAL INFORMATION ABOUT THE TRUST 79 THE TRUST'S SERVICE PROVIDERS 84 CUSTODY OF THE TRUST'S ASSETS 86 PRIME BROKER 90 FORM OF SHARES 94 TRANSFER OF SHARES 95 AUDIT SEED/INITIAL SEED CREATION INVESTOR/SELLING SHAREHOLDER 95 PLAN OF DISTRIBUTION 96 CREATION AND REDEMPTION OF SHARES 97

USE OF PROCEEDS

USE OF PROCEEDS 105 OWNERSHIP OF BENEFICIAL INTEREST IN THE TRUST 105 CONFLICTS OF INTEREST 105 DUTIES OF THE DELEGATED SPONSOR AND THE TRUSTEES 108 LIABILITY AND INDEMNIFICATION 110 PROVISIONS OF LAW 113 MANAGEMENT; VOTING BY SHAREHOLDERS 113 BOOKS AND RECORDS 115 STATEMENTS, FILINGS, AND REPORTS TO SHAREHOLDERS 116 FISCAL YEAR 116 GOVERNING LAW; CONSENT TO DELAWARE JURISDICTION 116 LEGAL MATTERS 117 EXPERTS 117 OTHER MATERIAL CONTRACTS 118 UNITED STATES FEDERAL INCOME TAX CONSEQUENCES 125 PURCHASES BY EMPLOYEE BENEFIT PLANS 129 INFORMATION YOU SHOULD KNOW 130 SUMMARY OF PROMOTIONAL AND SALES MATERIAL 131 INTELLECTUAL PROPERTY 131 WHERE YOU CAN FIND MORE INFORMATION 131 PRIVACY POLICY 131 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM F-1 APPENDIX A GLOSSARY OF DEFINED TERMS A-1 i TABLE OF CONTENTS This Prospectus contains information you should consider when making an investment decision about the Shares of the Trust. You may rely on the information contained in this Prospectus. The Trust and the Delegated Sponsor have not authorized any person to provide you with different information and, if anyone provides you with different or inconsistent information, you should not rely on it. This Prospectus is not an offer to sell the Shares in any jurisdiction where the offer or sale of the Shares is not permitted. The Shares of the Trust are not registered for public sale in any jurisdiction other than the United States. Until 25 calendar days after the date of this Prospectus, all dealers effecting transactions in the Shares, whether or not participating in this offering, may be required to deliver a prospectus. This requirement is in addition to the dealer's obligation to deliver a prospectus when acting as underwriters and with respect to unsold allotments or subscriptions. STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Prospectus includes "forward-loo