Morgan Stanley Files for Spot Bitcoin and Solana ETFs
- Morgan Stanley Investment Management, managing $1.8 trillion in assets, has filed S-1 registration statements with the US SEC.
- The filings seek approval to launch spot Bitcoin and spot Solana exchange-traded funds (ETFs).
- The proposed Morgan Stanley Bitcoin Trust aims to provide investors with direct exposure to Bitcoin without leverage or derivatives.
- The Solana fund will track Solana’s price performance and incorporate staking to accrue rewards into its net asset value.
Morgan Stanley is moving to expand its financial product offerings by proposing new ETFs focused on spot prices for both Bitcoin and Solana. The inclusion of staking in the Solana fund highlights an innovative approach to generating additional returns for investors.
Source (3.2)https://cryptobriefing.com/morgan-stanley-files-s-1-bitcoin-solana-etf/?rand=59535