On Tuesday, Morgan Stanley, certainly one of Wall Road’s premier banking establishments, introduced that it has submitted preliminary filings for exchange-traded funds (ETFs) centered on Bitcoin (BTC) and Solana (SOL).
These filings at the moment are awaiting approval from the US Securities and Trade Fee (SEC), which has lately adopted a extra favorable stance towards cryptocurrencies below Chair Paul Atkins, appointed by President Trump final yr.
Morgan Stanley’s Newest Filings
Within the submitted submitting, Morgan Stanley outlined its plans for a Bitcoin Belief and a Solana Belief, every designed to carry the respective cryptocurrencies.
Notably, the Solana product will embrace an allocation for staking, a course of that allows holders to earn rewards by permitting their tokens for use to assist the blockchain community. These trusts will probably be sponsored by Morgan Stanley Funding Administration Inc., in keeping with the filings.
This newest transfer by Morgan Stanley follows its choice in October 2025 to empower its monetary advisers to supply crypto investments to shoppers throughout varied account varieties.
In a paper printed by the financial institution’s International Funding Committee, a suggestion emerged suggesting that shoppers think about a most crypto allocation of 4%.
The committee characterised cryptocurrencies, significantly Bitcoin, as a speculative but more and more widespread asset class, likening Bitcoin to a scarce useful resource akin to “digital gold.”
Rising Institutional Curiosity
The launch of the Bitcoin and Solana exchange-traded funds is a major transfer towards increasing Morgan Stanley’s presence within the cryptocurrency business, which is broadly regarded by conventional monetary establishments as a monetary sector with super development potential.
This growth comes two years after the Securities and Trade Fee approval of the primary US-listed spot Bitcoin alternate traded fund, propelling institutional curiosity in digital property.
The backdrop of rising regulatory readability below US President Donald Trump has additional inspired conventional finance corporations to diversify into digital property, which had been beforehand seen primarily as speculative investments.
The latest appointment of Paul Atkins, a pro-crypto advocate, as head of the SEC, alongside the company’s latest regulatory strikes in direction of digital property, means that the approval course of for these new crypto ETFs could possibly be beneficial and well timed.
Moreover, in December, the Workplace of the Comptroller of the Forex (OCC) granted banks the power to behave as intermediaries for cryptocurrency transactions. This regulatory shift suggests a narrowing divide between the traditional monetary sector and the burgeoning world of digital property.
On the time of writing, Bitcoin has managed to carry onto the features seen on Monday, when it briefly surged in direction of a two-month excessive of $94,800. At the moment, the market’s main cryptocurrency is trying to consolidate at $93,920.
Equally, Solana has climbed again above $142, marking a major 14% improve over the previous seven days. Nevertheless, this nonetheless leaves the altcoin 51% beneath its all-time excessive of $293 reached final yr.
Featured picture from Reuters, chart from TradingView.com
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