On January 6, Reuters reported that Wall Street investment banking giant Morgan Stanley has filed documents with the U.S. Securities and Exchange Commission (SEC) to apply for the launch of an exchange-traded fund (ETF) linked to the price of crypto assets.
Documents show that Morgan Stanley plans to launch an ETF product tracking the prices of Bitcoin (BTC) and Solana (SOL). This move will further deepen the bank's presence in the crypto asset space. Notably, this action comes two years after the SEC approved a spot Bitcoin ETF, signifying the continued increase in investment from traditional financial institutions in the digital asset market.
