Morgan Stanley widens crypto bet with proposed spot Ethereum ETF after Bitcoin and Solana filings

Wall Street bank Morgan Stanley has expanded its cryptocurrency product offerings by filing an S-1 registration statement with the SEC to launch a spot Ethereum exchange-traded fund (ETF). This filing comes just a day after the bank submitted paperwork for both spot Bitcoin and Solana ETFs, marking a significant institutional commitment to digital assets. The proposed Ethereum Trust plans to hold ether and track its price, while also generating staking rewards which will be reflected in the fund's net asset value rather than being distributed directly to shareholders, a structure that differs from some competitors like Grayscale. These moves underscore Morgan Stanley's increasing involvement in the crypto space, building upon previous steps like setting caps on crypto exposure for certain portfolios and expanding crypto access across client accounts.

(Source：The Block)