Morgan Stanley boosts Solana exposure to $29.9M via Bitwise ETF

Morgan Stanley has significantly increased its indirect exposure to Solana (SOL) by holding $29.9 million in Bitwise's Solana staking ETF during the first quarter of 2025. This move represents one of the largest public positions in Solana-specific products by a traditional finance firm. The investment is part of a broader strategy by Morgan Stanley to engage with crypto-linked exchange-traded products, including recent filings for its own Bitcoin and Solana trusts with the SEC. Despite SOL's recent price decline of approximately 38% in 2025, Morgan Stanley's increased exposure highlights a rapid expansion of its crypto offerings, moving from allowing advisors to recommend Bitcoin ETFs to filing its own Solana trust. The Bitwise ETF's staking component offers investors yield, making it an attractive product. If Morgan Stanley's own trusts are approved, they will provide its advisory network with in-house products, further enhancing its crypto investment capabilities. However, SOL's volatility and past network issues remain factors for institutional consideration.

(Source：Crypto Briefing)