Morgan Stanley 提交 Bitcoin 和 Solana ETF 注册申请

Source: PortaldoBitcoin Original Title: Morgan Stanley files to launch Bitcoin and Solana ETFs Original Link: Morgan Stanley took another decisive step toward the digital asset market by filing with the U.S. Securities and Exchange Commission to register ETFs that track Bitcoin and Solana.

The initiative places one of the world’s largest financial groups, with approximately US$ 6.4 trillion under management, directly in the race for space in the cryptocurrency ETF segment, which has been consolidating as the main institutional gateway to the sector in the United States.

According to documents filed with the SEC, the bank submitted separate S-1 forms for the Morgan Stanley Bitcoin Trust and the Morgan Stanley Solana Trust. In the case of the product linked to Solana, the registration also allows for staking, a feature that could increase the fund’s potential return by capturing network rewards, in addition to the asset’s appreciation.

If approved, the ETFs would position Morgan Stanley alongside established issuers in the crypto market, such as BlackRock and Fidelity, reinforcing the definitive entry of traditional finance giants into this segment.

The success of crypto ETFs

The move occurs amid a context of strong growth in spot cryptocurrency ETFs in the U.S. Since the approval of the first Bitcoin products in January 2024, the total trading volume of these funds has already surpassed US$ 2 trillion, according to data from The Block, at an accelerated pace that highlights increased liquidity and growing interest from institutional and individual investors.

Only spot Bitcoin ETFs hold more than US$ 123 billion in assets, equivalent to about 6.6% of the total BTC market capitalization, even as the cryptocurrency has been trading below the psychological level of US$ 100,000 for several weeks.

Analysts point out that this growth is linked to a more predictable regulatory environment, considered more constructive for the sector. Donald Trump’s return to the presidency coincided with a more open stance from the SEC regarding investment products related to cryptocurrencies.

In September 2025, the regulator approved new generic listing standards for crypto ETFs, allowing eligible funds to be launched more quickly, without the need for lengthy individual rule 19b-4 amendments, which previously could take up to 240 days. This also opened the door for new ETFs of other coins besides BTC and ETH.

The filed applications now also fit into Morgan Stanley’s broader strategy to expand its presence in the crypto universe. Last year, the bank set a limit of up to 4% allocation in digital assets for portfolios internally classified as “opportunistic,” aligning its guidelines with those of competitors like Grayscale.

Additionally, the asset manager began allowing access to cryptocurrency investments across all client accounts, including retirement structures, signaling a gradual normalization of this type of exposure within traditional financial products.