Morgan Stanley Wades Into Crowded Bitcoin Market

Morgan Stanley has a New Year’s Resolution that can go right on a ledger … a distributed ledger, that is. The bank is the latest to prep bitcoin and Solana exchange-traded products, filing trusts on Tuesday. Those would mark its first step into the digital-asset product realm, a booming category in which it previously avoided direct participation, though it has allowed its more than 14,000 advisors to offer products from other asset managers. The forthcoming ETPs may enable Morgan Stanley “to consolidat ...