Morgan Stanley files to launch Bitcoin and Solana ETFs as Wall Street embraces crypto
Morgan Stanley plans to launch ETFs tied to the price of Bitcoin and Solana, the first and sixth-largest crypto assets by market capitalisation respectively, according to a Form S-1 filed with the US Securities and Exchange Commission (SEC).
This is the first time one of the ten largest US banks by total assets has formally moved to offer crypto ETFs.
An exchange-traded fund (ETF) is a basket of assets that trades on a stock exchange like a share, giving investors easy exposure to an index, sector or commodity without owning it directly.
Many investors favour gaining crypto exposure via ETFs because they are low-cost and convenient. They can also offer greater liquidity while removing the regulatory and logistical complications of…
