January 8 report: The cryptocurrency market is on a downward trend. As of press time, $Bitcoin (BTC.CC)$ fell by 0.57%, trading at $90,824.73; $Ethereum (ETH.CC)$ dropped by 0.63%, trading at $3,144.91.

$Morgan Stanley (MS.US)$ has submitted a registration statement for its Ethereum Trust to the U.S. Securities and Exchange Commission (SEC). This filing follows its recent application for spot Bitcoin and Solana ETFs. Morgan Stanley opened crypto asset investment channels for clients through its wealth management division in October last year.

According to Finance Feeds, the legislative landscape for the U.S. cryptocurrency industry has reached a critical turning point, with the Senate Banking Committee officially setting the review date for…