Morgan Stanley Files for Bitcoin and Solana ETFs

Morgan Stanley filed paperwork for a Bitcoin trust and a Solana trust that would hold the respective cryptocurrencies and be sponsored by Morgan Stanley Investment Management; the Solana product would allocate a portion of assets for staking.

Morgan Stanley has filed paperwork to create a Bitcoin trust and a Solana trust that would hold the respective cryptocurrencies. The Solana filing states a portion of its holdings would be staked to earn network rewards. The trusts are listed as to be sponsored by Morgan Stanley Investment Management Inc. The filings come as other large banks expand institutional crypto services and as a growing number of US funds hold digital assets. Key facts: - Morgan Stanley submitted filings for a Bitcoin Trust and a Solana Trust, each intended to hold the named cryptocurrency. - The Solana trust's filing states a portion of its holdings would be staked to earn network rewards. - The trusts would be sponsored by Morgan Stanley Investment Management Inc., according to the filings. - Bloomberg data reports more than $150 billion is held across roughly 130 US crypto funds, with much of that in Bitcoin-focused products. - Bloomberg Intelligence shows Morgan Stanley currently sits outside the top-10 ETF issuers and its existing funds largely focus on fixed income and equities. Summary: The filings represent Morgan Stanley's first public filings for crypto-focused trusts and reflect a broader move by large financial firms into digital-asset products. Undetermined at this time.