Group 1 - Morgan Stanley has filed for Bitcoin and Solana exchange-traded funds (ETFs), marking its entry into the cryptocurrency fund market two years after the rise of crypto-focused ETFs in the US [1][2] - The submitted paperwork includes a Bitcoin Trust and a Solana Trust, with the Solana product allocating a portion for staking to earn rewards for supporting the blockchain network [2] - Major Wall Street firms like Goldman Sachs, JPMorgan, and Citigroup are increasing their involvement in digital assets, with over $150 billion currently invested in approximately 130 US funds, primarily in Bitcoin products [3] Group 2 - The growing interest in crypto ETFs is seen as a significant milestone for issuers, with more than 10 Bitcoin-focused funds already trading in the US, although niche products based on lesser-known tokens have faced challenges in attracting capital [4] - Morgan Stanley is not currently among the top-10 ETF issuers and has fewer assets in this space compared to newer firms like Neos Investments, which began in 2022 [5] - Recently, Morgan Stanley has shown increased interest in the crypto sector, partnering with a cryptocurrency infrastructure provider to enable E*Trade clients to trade popular tokens starting in 2026 and planning to launch a crypto asset-allocation strategy [6]
Crypto Latecomer Morgan Stanley Files for Bitcoin, Solana ETFs