In short
- Morgan Stanley submitted S-1 kinds for spot Bitcoin and Solana ETFs pending regulatory approval.
- The funds might be passive funding automobiles monitoring cryptocurrency costs with out but naming custodians or charges.
- Bitcoin ETFs now maintain $119 billion in belongings, whereas Solana ETFs have emerged as a more moderen funding class since October.
Wall Avenue titan Morgan Stanley submitted registrations for spot Bitcoin and Solana exchange-traded merchandise early Tuesday morning.
On the time of writing, Bitcoin had gained practically 1% up to now day and was altering arms for $94,187. In the meantime, Solana had bumped up practically 6% to commerce for about $143.
"Morgan Stanley Bitcoin Belief and Morgan Stanley Solana Belief are pending regulatory approval and could be passive funding automobiles that search to trace the efficiency of the worth of the related cryptocurrency," the financial institution wrote in a press launch.
The S-1 kinds don't but listing custodians or crypto counterparties, who the financial institution says will handle the U.S. dollar-to-BTC and -SOL conversions on its behalf. The financial institution didn't instantly reply to a request for remark from Decrypt.
The registration type describes the funds' payment constructions, however doesn't but specify what these charges might be. In contrast to a few of its rivals, the Morgan Stanley fund is making use of the financial institution's title with out counting on a three way partnership or white-label sponsor.
For instance, the ARK 21Shares Bitcoin ETF is a three way partnership that makes use of Cathie Wooden's Ark Make investments funding agency for distribution, branding, and portfolio technique, and 21Shares for the crypto infrastructure.
Bitcoin ETFs first started buying and selling in January 2024. Prior to now couple days, BlackRock's iShares Bitcoin Belief has seen its largest inflows up to now three months as the worth of Bitcoin surged from its vacation lull. Analysts have credited that to Bitcoin portfolio rebalancing whereas institutional buyers priced in three extra years of Trump's "America First" coverage.
Bitcoin ETFs have grown to account for $119 billion price of belongings beneath administration, with BlackRock's IBIT accounting for $72.8 billion price of holdings.
Solana ETFs are a more moderen cohort, after the Bitwise's Solana ETF hit U.S. exchanges in October 2025. It's since been joined by the VanEck Solana ETF, Constancy Solana Fund, and Grayscale Solana Belief ETF.
