According to a Form S-1 submitted to the US Securities and Exchange Commission (SEC), Morgan Stanley intends to introduce exchange-traded funds (ETFs) linked to the prices of Bitcoin and Solana, the first and sixth-largest cryptocurrency assets by market capitalization, respectively. One of the top ten US banks in terms of total assets is now formally offering cryptocurrency ETFs for the first time.
Investors can easily gain exposure to an index, industry, or commodity without actually owning it by purchasing an exchange-traded fund (ETF), which is a basket of assets that trades like shares on a stock exchange.
Because ETFs are inexpensive and practical, many investors prefer using them to increase their exposure to cryptocurrencies. Additionally, they can provide greater liquidity while eliminating the logistical and regulatory challenges of physically holding and safeguarding the underlying assets.
The largest asset manager in the world, BlackRock, announced in December of last year that its Bitcoin ETF suite was now the company’s main source of income, with allocations approaching $100 billion (€85 billion) and annual fees exceeding $245 million (€210 million). In 2026, US banks, which up until now have solely served as custodians of customer cash, appear prepared and willing to develop into providers of cryptocurrency services.
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