American Banks Chase the Bitcoin FOMO With New ETF Filings | US Crypto News
Major US banks, including Morgan Stanley and Bank of America, are accelerating crypto adoption by filing for Bitcoin and Solana ETFs and advising client allocations.Summary
The US banking sector is increasingly embracing cryptocurrency, signaling a shift from niche experimentation to mainstream integration. This trend is highlighted by Bank of America (BofA) advising wealth management clients to allocate up to 4% of portfolios to digital assets, starting coverage of four Bitcoin ETFs. Following this, Morgan Stanley has filed for both Bitcoin and Solana ETFs, validating the market with its $1.6 trillion in assets under management (AUM). This institutional movement reflects a response to market FOMO, as traditional finance races to offer crypto services. Other major players like JPMorgan Chase, Goldman Sachs, Charles Schwab, and PNC Bank are also expanding their crypto footprints through infrastructure projects, trading desks, and partnerships. Regulatory clarity from the Fed, OCC, and FDIC has enabled banks to custody assets, facilitate trades, and develop crypto-native products like stablecoins, cementing crypto's place in mainstream finance.
(Source：BeInCrypto)