Leading Wall Street investment bank Morgan Stanley is accelerating its expansion into the digital asset sector by officially filing applications to launch cryptocurrency ETFs linked to Bitcoin and Solana. According to information released on January 6th, Morgan Stanley submitted the necessary documents to the U.S. Securities and Exchange Commission (SEC), marking a new step for this traditional financial institution in entering the crypto market.
Filings indicate that Morgan Stanley plans to launch ETFs that track the price movements of Bitcoin (BTC) and Solana (SOL), two digital assets attracting significant interest from global investors. This move would not only expand the bank's investment portfolio but also strengthen Morgan Stanley's position in the digital asset ecosystem, where an increasing number of large financial institutions are participating formally and in a regulated manner.
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Notably, Morgan Stanley's plan to launch Bitcoin and Solana ETFs comes as the market enters a new phase since the SEC approved spot Bitcoin ETFs about two years ago. That event was XEM as a significant milestone, paving the way for a stronger influx of institutional Capital into the cryptocurrency market and helping to "standardize" crypto within the traditional financial system. The fact that a major bank like Morgan Stanley continues to file for ETFs demonstrates Wall Street's long-term confidence in digital assets, despite the volatility and ongoing legal debates.
