- Morgan Stanley filed to launch spot Bitcoin and Solana ETFs, aiming to issue bank-branded crypto ETFs directly.
- The move would let the bank collect management fees from crypto ETF assets rather than distributing third-party products.
- Peers such as JPMorgan Chase and Goldman Sachs currently provide crypto access mainly through institutional trading or external managers.
- Bank stocks showed small pre-market moves ahead of fourth-quarter earnings: Morgan Stanley down 0.11%, Goldman Sachs up 0.22%, and JPMorgan Chase down 0.14%.
- Market context: Bitcoin traded around $93,000 after briefly topping $94,000; Solana traded near $140, up 2.7%. Bank of America recently approved four spot Bitcoin ETFs for advisers.
Morgan Stanley filed applications on Tuesday to launch spot exchange-traded funds for Bitcoin and Solana, seeking to be among the first major U.S. banks to issue bank-branded crypto ETFs. The filings state the funds would provide advisors and institutional clients direct exposure to Bitcoin (BTC) and Solana (SOL) and allow the bank to capture management fees from those ETF assets.
The filings follow Morgan Stanley’s September decision to let its advisors recommend spot Bitcoin and Ethereum ETFs. Other large banks have taken different approaches: JPMorgan Chase has enabled crypto trading for institutional clients without launching ETFs, while Goldman Sachs often directs clients to externally managed products, including those from firms like BlackRock.
Pre-market stock moves were small: Morgan Stanley slipped 0.11%, Goldman Sachs rose 0.22%, and JPMorgan Chase fell 0.14%. All three banks are scheduled to report fourth-quarter earnings next week.
The crypto market showed recent strength. Bitcoin was defending about $93,000 after briefly exceeding $94,000 earlier in the session. Solana outperformed Bitcoin, rising 2.7% to trade near $140. Retail sentiment measures around the two tokens moved higher over the past day.
The bank filings could channel additional capital into crypto markets if advisors and institutions allocate through bank-issued ETFs. Separately, Bank of America approved four spot Bitcoin ETFs for advisers, reflecting broader institutional interest in offering regulated crypto products.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- USDC Tops USDT in 2025: $75B Market on Regulatory Trust Rise
- PHALT#BLYX: Booking Phish Fakes BSoD, Installs DCRat -Hotels
- Lighter’s LIT jumps 37% amid buybacks and whale buys in DeFi
- Bitcoin Core v30 bug can erase BDB wallets; binaries pulled.
- Crypto Market Surges $250B as Bitcoin Tops $92K, Sui Rallies
