What are Morgan Stanley’s new crypto ETFs?
Morgan Stanley has recently submitted a filing to the U.S. Securities and Exchange Commission (SEC) to introduce Bitcoin and Solana Trusts. These ETFs are designed to provide institutional investors with uncomplicated exposure to the price movements of Bitcoin (BTC) and Solana (SOL) via an ETF-style structure. The Bitcoin Trust will mirror Bitcoin’s price on a spot basis using an in-kind creation and redemption mechanism. The Solana Trust will similarly track the price of SOL and will include a staking component, which aims to enhance returns for investors.
The launch of these ETFs underscores the increasing acceptance and comfort level of traditional financial institutions with cryptocurrencies. By utilizing the staking features of…
