Yahoo Finance·2026-01-06 15:18Core Insights - Major Wall Street banks, including Morgan Stanley and Bank of America, are increasingly embracing cryptocurrencies, signaling a shift towards mainstream acceptance of digital assets [1][2][4] Group 1: Institutional Adoption - Morgan Stanley has filed for Bitcoin and Solana ETFs, marking a significant endorsement of cryptocurrencies by a major financial institution [3][4] - Bank of America has begun advising wealth management clients to allocate up to 4% of their portfolios to digital assets, further legitimizing crypto as part of diversified investment strategies [2][4] Group 2: Market Trends - The filings by Morgan Stanley and Bank of America reflect a broader trend of traditional financial institutions responding to market demand for crypto services, indicating a race to meet client needs [4][5] - The rapid development of crypto offerings by these banks suggests that they are moving from passive experimentation to active participation in the crypto market [4]