Morgan Stanley Eyes Crypto ETFs
Morgan Stanley is seeking regulatory approval to launch exchange-traded funds (ETFs) tied to the price of cryptocurrency tokens, according to filings with the U.S. Securities and Exchange Commission (SEC) on Tuesday. This marks the first such move by a major U.S. bank, signalling a growing acceptance of digital assets within traditional finance. Morgan Stanley, a global financial services firm, provides a wide range of investment banking, wealth management, and investment management services. The company aims to serve corporations, governments, institutions, and individuals.
The bank is reportedly looking to launch ETFs tied to the prices of Bitcoin and Solana, aiming to deepen its presence in the cryptocurrency market. The move…
