Morgan Stanley files for Bitcoin and Solana ETFs

Morgan Stanley submitted SEC filings to launch exchange-traded funds tracking bitcoin and solana prices, marking a deeper move by a major U.S. bank into regulated crypto investment products.[3]

Morgan Stanley’s SEC registration for spot Bitcoin and Solana trusts/ETPs expands regulated US access to these assets via a major global bank, signaling continued institutionalization of BTC and SOL. The move can increase distribution and liquidity in an already active US spot ETF market, reinforcing crypto’s integration into mainstream investment products rather than representing an isolated development.

• Why it matters now: A $1.5–1.8T U.S. bank adding spot Bitcoin and Solana ETFs signals further institutional normalization of crypto exposure, leveraging newly streamlined SEC listing rules. - Likely short-term reaction: - Positive sentiment for BTC and SOL, with spillover to large-cap alts and U.S.-listed crypto ETP issuers. - Medium-term implications: - Deeper integration of crypto in wealth/retirement channels and more competition in ETF fees and product design (notably SOL staking in-ETF). - Assets that benefit vs risk: - Beneficiaries: BTC, SOL, U.S. spot ETF platforms, prime brokers, custodians. - At risk: smaller issuers without major-brand distribution; non-ETF wrappers. - Key uncertainty: SEC approval timing/conditions and evolving U.S. policy direction.