Morgan Stanley (MS.US) applies to launch Bitcoin and Solana ETFs seeking to deepen cryptocurrency layout

The Zhitong Finance App learned that, according to documents submitted to the US Securities and Exchange Commission on Tuesday, Morgan Stanley (MS.US) is seeking regulatory approval to launch an exchange-traded fund linked to the price of cryptocurrency tokens.

According to the filing, the bank plans to launch an ETF linked to the price of two cryptocurrencies, Bitcoin and Solana. This move will deepen the bank's layout in the cryptocurrency sector. Two years have passed since the US Securities and Exchange approved the first batch of spot Bitcoin ETFs listed in the US.

In the context of the Trump administration's regulatory policies becoming increasingly clear, mainstream financial institutions are speeding up the pace of acceptance of digital assets — assets that were once only viewed as speculative instruments.

In December of last year, the US Monetary Authority also allowed banks to act as intermediaries for cryptocurrency transactions, further narrowing the gap between the traditional financial industry and the digital asset sector.

Compared to directly managing underlying assets, many investors prefer to hold cryptocurrencies through ETFs because ETFs provide greater liquidity, higher security, and simplify regulatory compliance processes.

As institutional acceptance of digital assets continues to increase, asset management company Puxin Group also submitted an application for its first cryptocurrency ETF last year.