Crypto ETFs are surging as Morgan Stanley has filed for two additional investments in Bitcoin and Solana. The move reflects the bank’s larger push into regulated digital assets. This action is also a step closer for investors to broader institutional access to spot crypto exposure through SEC-registered products.
A recent filing shows the company had applied for a Bitcoin Trust and a Solana Trust. Both are also structured to provide correlation-based exposure to underlying assets. The value of the Bitcoin Trust will be linked to BTC’s market price. It’s set up as a spot crypto ETF, and institutions are free to use it for regulated exposure.
Crypto ETF Plans Highlight In-Kind Creation And Staking
The filing does not identify the exchange upon which the Bitcoin product will be hosted. It also does not determine the custodian who oversees the assets. Morgan Stanley will adopt in-kind creation and redemption. This characteristic matches the Bitcoin fund with designs typically found in the larger crypto ETF market.
The Solana Trust uses a similar operational model. It aims to follow the price of SOL. This can also be accompanied by staking to realize value-added returns. The Solana proposal will be an in-kind filing in the same format as other spot crypto ETF filings by major asset managers.
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There are some details that are unclear. The custodian and listing venue of the Solana product were not revealed. However, the filings demonstrate a growing interest from large financial organizations in regulated digital markets. The shift also indicates a rise in competition among institutions that are trying to establish themselves in the dynamic crypto ETF market.
Rising Adoption Highlights Momentum In Crypto ETF Space
Morgan Stanley has spent the past year preparing to more broadly embrace digital assets. The firm had previously announced plans to debut retail crypto trading on its E-Trade platform. The firm also made Bitcoin available to all its wealth management clients by removing previous restrictions. These actions demonstrate that the bank is preparing for a growing market for crypto ETF products.
According to SoSoValue data, funds linked to Solana have attracted a net inflow of around $800 million since 2025. The filing of Morgan Stanley coincides with the ongoing expansion of Bitcoin ETFs in the U.S. market. These products have had a total of approximately $123 billion in assets, which is equivalent to almost 6.6% of the market capital of Bitcoin, and more than $1.1 billion in net inflows have been recorded since the beginning of the year.
Morgan Stanley manages one of the largest wealth networks in the country. Its advisers are able to spread new offerings into individual client portfolios. With management activities remaining in-house, the bank can solidify its standing as competition escalates throughout the crypto ETF environment.
Also Read: Grayscale Launches Solana Staking ETF; Could SOL Soar to $200 Again?
