Global financial services company Morgan Stanley filed S-1 registration statements on Tuesday with the US Securities and Exchange Commission to launch spot Bitcoin and Solana exchange-traded funds (ETFs).
According to the filings, the bank wants to introduce the ETFs Morgan Stanley Bitcoin Trust and Morgan Stanley Solana Trust tied to the prices of cryptocurrencies Solana and Bitcoin.
If approved, the move would strengthen the asset manager's position in the cryptocurrency market two years after the SEC authorized the first US-listed spot bitcoin ETF and would join major crypto ETF issuers like BlackRock and Fidelity.
https://breakingthenews.net/Article/Morgan-Stanley-files-for-spot-Bitcoin-Solana-ETFs/65431774
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