Morgan Stanley Files For Bitcoin, Solana ETF With SEC
Morgan Stanley filed with the SEC to launch passive investment ETFs tracking Bitcoin and Solana tokens.Summary
US investment bank Morgan Stanley has filed S-1 forms with the SEC to introduce two new cryptocurrency exchange-traded funds (ETFs): the Morgan Stanley Bitcoin (BTC) Trust and the Morgan Stanley Solana (SOL) Trust. These funds are designed as "passive investment" vehicles intended to track the performance of the underlying tokens. If approved, these ETFs could open up digital asset exposure to Morgan Stanley's extensive client base through its wealth management division. The filings indicate that the sponsor, Morgan Stanley Investment Management, will keep a substantial portion of the private keys in cold storage. This move aligns with a broader trend of major Wall Street institutions increasing their regulated involvement in crypto, following recent steps by Bank of America and Vanguard to offer clients access to digital asset investment products.
(Source：Cointelegraph)