Morgan Stanley files for bitcoin and solana ETFs

Morgan Stanley filed with the U.S. Securities and Exchange Commission to launch exchange-traded funds tied to bitcoin and solana, a move the report links to recent U.S. regulatory shifts that have eased banks' entry into crypto.

Morgan Stanley filed paperwork with the U.S. Securities and Exchange Commission to launch exchange-traded funds linked to the prices of bitcoin and solana. The filings were submitted on Tuesday and are reported to deepen the bank's presence in the cryptocurrency sector. The move follows a series of regulatory developments in the United States that have affected how traditional financial firms engage with digital assets. In December, the Office of the Comptroller of the Currency allowed banks to act as intermediaries on crypto transactions, and the SEC approved the first U.S.-listed spot bitcoin ETF about two years ago. Key details: - Morgan Stanley filed with the U.S. SEC to launch ETFs tied to bitcoin and solana. - The filings were submitted on Tuesday, according to the report. - This action comes roughly two years after the SEC approved the first U.S.-listed spot bitcoin ETF. - The report notes regulatory clarity under President Donald Trump and an OCC decision in December allowing banks to act as intermediaries on crypto transactions. - Asset manager T. Rowe Price also filed for its first crypto ETF last year, reflecting broader institutional interest. Summary: The filings expand Morgan Stanley's activity in digital assets and reflect broader institutional momentum following recent regulatory steps. Whether and when the SEC will approve these proposed ETFs is undetermined at this time.