The investment banking giant’s filings for Bitcoin and Solana ETFs follow an uptick in investor demand for regulated crypto investment vehicles, driven by the new year’s “clean-slate” effect.
Update Jan. 6, 12:57 p.m. UTC: This article has been updated to include a paragraph on Morgan Stanley’s prior involvement with cryptocurrency funds.
US investment bank Morgan Stanley has filed with the US Securities and Exchange Commission to launch two cryptocurrency exchange-traded funds (ETFs), one tied to Bitcoin and the other to Solana, as Wall Street firms push deeper into regulated digital-asset products.
The proposed Morgan Stanley Bitcoin (BTC) Trust and the Morgan Stanley Solana (SOL) Trust will function as “passive investment” vehicles that hold and track the performance of the underlying tokens, according to Tuesday’s filings with the SEC.
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