On January 6, 2026, a leading American investment bank submitted a significant application to the U.S. Securities and Exchange Commission (SEC)—planning to launch two cryptocurrency exchange-traded funds (ETFs), each linked to Bitcoin and Solana respectively. Once this news broke, the industry instantly erupted.

**Why is Wall Street suddenly so active?**

As the sixth-largest bank in the United States, this investment firm has already filed registration statements with regulators for Bitcoin and Solana trusts. This is not just testing the waters; it’s a clear indication of serious intent. Since early 2024, when U.S. regulators approved the first spot products, the market has been a red ocean for large asset management firms vying for dominance. This move effectively announces to the market: we are here.

**What exactly are these products?**

Simply put, these two funds are passive investment vehicles. They will directly hold Bitcoin and Solana, tracking the real-time performance of these digital assets. They do not rely on futures, derivatives, or leverage. It’s the most straightforward buy-and-hold strategy.

**How will they go public?**

If approved, these funds will be listed on public exchanges. Although the application was submitted via Form S-1, the specific exchange where they will be listed will be determined later through subsequent 19b-4 filings.

This move marks a deep strategic entry of traditional finance into the regulated digital asset space. For the market, it signifies that core assets like Bitcoin and Solana are gaining formal recognition from Wall Street.