Morgan Stanley Applies to Launch Bitcoin, Solana ETF to Accelerate Digital Asset Strategy

BlockBeats News, January 6th, according to Reuters, Wall Street investment bank giant Morgan Stanley has filed a document with the U.S. Securities and Exchange Commission (SEC) to launch a cryptocurrency price-linked exchange-traded fund (ETF).

The filing shows that Morgan Stanley plans to launch an ETF product tracking the prices of Bitcoin (BTC) and Solana (SOL). This move will further deepen the firm's presence in the cryptocurrency asset field. It is worth noting that this action comes after the SEC approved a physically backed Bitcoin ETF two years ago, signaling continued involvement of traditional financial institutions in the digital asset market.