Morgan Stanley files for ether ETF after bitcoin and solana filings
Summary
Morgan Stanley is deepening its involvement in the cryptocurrency space by filing a registration statement for an Ethereum Trust with the U.S. Securities and Exchange Commission (SEC). This move comes shortly after the Wall Street giant also submitted filings for spot bitcoin and solana exchange-traded funds (ETFs) on the same day. This expanding crypto strategy by Morgan Stanley reflects a broader trend among traditional financial (TradFi) institutions seeking to offer digital asset products through established, regulated investment vehicles. The bank had previously opened crypto access to its wealth management clients in October.
(Source:CoinDesk)