Morgan Stanley Files for Bitcoin and Solana ETFs with SEC

Morgan Stanley has filed with the SEC to launch new exchange-traded funds (ETFs) tied to Bitcoin and Solana.

Key Points

The ETFs will provide regulated exposure to Bitcoin and Solana, targeting increased institutional interest.
The Solana ETF will track SOL's price, using third-party custodians for asset safety and include staking services. Rewards from staking will boost the fund’s net asset value.
The separate Bitcoin ETF aims to replicate the cryptocurrency's market price, utilizing a structure similar to existing U.S. products.
This move positions Morgan Stanley among major firms competing in the expanding crypto ETF market.
Morgan Stanley plans to introduce crypto trading on E*Trade by 2026, facilitating easier access to digital assets for retail investors.

U.S. regulatory conditions are evolving, with spot Bitcoin ETFs approved two years ago, encouraging traditional financial institutions to enter the market.
Recent regulatory changes allow banks to act as intermediaries in crypto transactions, reducing previous barriers.
Other firms, like T. Rowe Price and Bitwise, have also filed for crypto-related products, indicating rising institutional interest.
The move underscores strong demand for ETFs over direct ownership due to simpler access and oversight.

Morgan Stanley's filings highlight their strategy to stay relevant as digital assets gain traction in mainstream investing.