Morgan Stanley applies to launch Bitcoin and Solana ETFs, accelerating its expansion into the digital asset space

BlockBeats News, January 6 — According to Reuters, Wall Street investment banking giant Morgan Stanley has submitted documents to the U.S. Securities and Exchange Commission (SEC) to apply for the launch of a cryptocurrency asset-linked exchange-traded fund (ETF).

The documents show that Morgan Stanley plans to launch ETF products tracking the prices of Bitcoin (BTC) and Solana (SOL). This move will further deepen the firm’s presence in the cryptocurrency asset space. Notably, this action comes two years after the SEC approved a spot Bitcoin ETF, marking continued efforts by traditional financial institutions to expand into the digital asset market.