Morgan Stanley applies for Bitcoin and Solana spot ETFs, further deepening institutional participation in crypto assets.

Morgan Stanley has filed registration documents with the U.S. Securities and Exchange Commission (SEC) to launch the Morgan Stanley Bitcoin Trust and the Morgan Stanley Solana Trust, demonstrating its further expansion in the cryptocurrency ETF space. Bloomberg Intelligence analyst James Seyffart stated that this move exceeded his previous expectations and reflects a shift in the attitude of large financial institutions towards crypto assets. Public information shows that Morgan Stanley currently manages approximately 20 ETFs, but the number of products named under its own brand is limited; applying directly for cryptocurrency ETFs under the Morgan Stanley brand is relatively rare. Bitwise Chief Investment Officer Matt Hougan pointed out that institutions are viewing crypto assets as an important business direction. Previously, Morgan Stanley had already allowed its financial advisors to allocate a certain percentage of their portfolios to cryptocurrency ETFs for clients. Bloomberg senior ETF analyst Eric Balchunas believes that this move may help drive its internal ETF distribution strategy and could have a demonstrative effect on other asset management institutions. (The Block)