The Wall Street bank has submitted paperwork for a Bitcoin Trust and a Solana Trust, each of which would hold the individual cryptocurrencies, Bloomberg news reported Tuesday (Jan. 6), citing a regulatory filing.
The report notes that Morgan Stanley is joining several other traditional Wall Street players in increasing their exposure to digital assets. Goldman Sachs, Citigroup and JPMorgan Chase have all launched crypto-related projects.
Upwards of $150 billion has already gone into around 130 of these funds, Bloomberg added, citing its in-house data.
More than $150 billion is already parked across some 130 U.S. funds, according to Bloomberg…