Morgan Stanley has intensified its involvement in the cryptocurrency sector by submitting three ETF applications to the U.S. Securities and Exchange Commission (SEC) within 24 hours. On January 6, the firm filed for both a Bitcoin trust and a Solana trust, the latter including staking functionality. The following day, Morgan Stanley applied for a spot Ethereum ETF, which will hold Ethereum and generate returns through staking.
This move marks a significant shift for Morgan Stanley, which has gradually increased its engagement with cryptocurrencies. The firm plans to launch these ETFs on its E-Trade platform and introduce a digital wallet later this year to support cryptocurrency management. This strategic expansion reflects a broader trend among traditional financial institutions embracing digital assets as they become more integrated into mainstream finance.
Morgan Stanley Files Three Cryptocurrency ETF Applications in 24 Hours
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