Morgan Stanley has filed an S-1 registration for Bitcoin and Solana spot ETFs, expanding traditional finance's recognition of crypto assets beyond BTC and ETH to include SOL. This move, backed by Morgan Stanley's $6.4 trillion in assets under management, is expected to bring significant new capital and valuation reassessment to the market.
In a parallel development, Bank of America has authorized its 15,000 wealth advisors to recommend a 1%-4% allocation in spot Bitcoin ETFs to clients. This marks a significant entry point for trillions in traditional wealth management funds, potentially fueling Bitcoin's rise towards $100,000.
Additionally, Bitcoin spot ETFs recorded a $697 million net inflow in a single day, the highest in three months, with BlackRock's IBIT accounting for $372 million. Ethereum, Solana, and XRP ETFs also maintained net inflows, indicating a broad institutional shift towards comprehensive crypto asset allocation.
Morgan Stanley Files for Bitcoin and Solana Spot ETFs, BofA Opens BTC ETF Access
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