Replace Jan. 6, 12:57 p.m. UTC: This text has been up to date to incorporate a paragraph on Morgan Stanley’s prior involvement with cryptocurrency funds.
US funding financial institution Morgan Stanley has filed with the US Securities and Alternate Fee to launch two cryptocurrency exchange-traded funds (ETFs), one tied to Bitcoin and the opposite to Solana, as Wall Road corporations push deeper into regulated digital-asset merchandise.
The proposed Morgan Stanley Bitcoin (BTC) Belief and the Morgan Stanley Solana (SOL) Belief will operate as “passive funding” automobiles that maintain and monitor the efficiency of the underlying tokens, in accordance with Tuesday’s filings with the SEC.
The 2 funds search to record their shares on public exchanges, that are often laid out in later 19b-4 filings, not the preliminary S-1 varieties.
If authorised, the funds may deliver new inflows to Bitcoin and Solana from Morgan Stanley’s over 19 million shoppers served via its wealth administration division as of April 2025, in accordance with the corporate’s shareholder letter.
Spot Bitcoin ETFs attracted $1.1 billion in inflows throughout the first two buying and selling days of 2026, as analysts pointed to renewed digital asset urge for food because of the new 12 months’s “clean-slate impact.”
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Morgan Stanley Funding Administration is listed because the sponsor for each proposed trusts. CSC Delaware Belief Firm is called because the Delaware trustee. Key service suppliers, together with sure custodial preparations, weren’t absolutely specified within the preliminary paperwork. Morgan Stanley mentioned it should maintain a “substantial portion of the non-public keys” in chilly storage with a “the rest” held in scorching wallets.
The 2 funds received’t search to generate returns past monitoring the value of the underlying asset, which means that the sponsor received’t “speculatively promote” the spot tokens.
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Wall Road expands regulated crypto
Morgan Stanley’s ETF filings add to a rising institutional curiosity in regulated cryptocurrency funding automobiles.
It comes a day after the second-largest US financial institution, Financial institution of America, started permitting advisers in its wealth administration companies to advocate publicity to 4 Bitcoin ETFs, Cointelegraph reported on Monday.
The transfer permits the financial institution’s wealthiest shoppers to realize publicity to Bitcoin ETFs, which may now be really helpful by the financial institution’s over 15,000 wealth advisers throughout its Merrill, Financial institution of America Non-public Financial institution and Merrill Edge platforms.
Vanguard, the world’s second-largest asset supervisor, enabled crypto ETF buying and selling for its shoppers in December 2025, a 12 months after BlackRock really helpful an as much as 2% Bitcoin allocation to its shoppers, as the primary massive monetary establishment to take action, Cointelegraph reported in December 2024.
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