Core Insights - Morgan Stanley has filed with the SEC to launch new exchange-traded funds (ETFs) linked to Bitcoin and Solana, indicating a significant move by a major Wall Street bank into digital assets [1][4] - The filings reflect a growing institutional interest in cryptocurrencies, as the bank aims to provide regulated exposure to these leading assets [1][5] Group 1: ETF Details - The Solana ETF is designed to track the price of SOL and will follow a pricing benchmark with adjustments for operating costs [2] - The fund will not hold tokens directly but will use approved third-party custodians for asset security [2] - The Solana product will include staking through outside service providers, with rewards expected to enhance the fund's net asset value [3] Group 2: Market Context - The Bitcoin ETF aims to track the cryptocurrency's price, following structures used by other approved products in the U.S. market [4] - Morgan Stanley's move aligns with a broader trend of traditional financial institutions entering the crypto ETF space, as regulatory conditions evolve [5] - Recent approvals for spot Bitcoin ETFs and banks acting as intermediaries in crypto transactions have facilitated this shift [5][6] Group 3: Competitive Landscape - Other firms, such as T. Rowe Price and Bitwise, are also filing for crypto-related products, indicating a rise in institutional interest [6][7] - Morgan Stanley plans to introduce crypto trading on E*Trade in 2026, aiming to provide easier access to digital assets for everyday investors [4]