Morgan Stanley Files for Bitcoin and Solana ETFs, a First for Major US Banks

Morgan Stanley, which manages approximately $6.4 trillion in assets, submitted a registration statement to the U.S. Securities and Exchange Commission on the 6th for exchange-traded funds linked to Bitcoin (BTC) and Ethereum (ETH). The Solana ETF also includes a staking feature. If approved, Morgan Stanley will join major cryptocurrency ETF issuers such as BlackRock and Fidelity. This is the first cryptocurrency ETF application by a major US bank, indicating increased interest in digital assets as mainstream investment products following the approval of a physical Bitcoin ETF in January 2024. According to data, the US physical cryptocurrency...