Morgan Stanley files with SEC for spot Bitcoin and Solana ETFs

Morgan Stanley, which manages about $6.4 trillion in assets, has submitted S-1 registration statements to the SEC for a Morgan Stanley Bitcoin Trust and a Morgan Stanley Solana Trust, the latter of which includes a staking feature. These filings place the Wall Street firm alongside major crypto ETF issuers like BlackRock and Fidelity, signaling growing mainstream appetite for digital assets following the January 2024 approval of spot Bitcoin ETFs. The move aligns with Morgan Stanley's broader expansion into crypto, which includes setting allocation caps for digital assets in opportunistic portfolios and opening crypto access to all client accounts. The filings come as cumulative trading volume across U.S. spot crypto ETFs has surpassed $2 trillion, demonstrating accelerating institutional and retail adoption.

(Source：The Block)