Newsmaker
Morgan Stanley has entered the conversation
The bank announced it has filed for Solana and Bitcoin ETFs, after patiently sitting on the sidelines since the launch of the first US crypto ETF in January 2024.
Morgan Stanley hasn’t disclosed much other than details around the initial filing, but analysts say it’s a sign of market demand for this type of investment product.
In a post on X, analyst Jeff Park notes: “This signals that despite IBIT being the fastest ETF in history to reach $80Bn in AUM (roughly 1/5th the time it took for second place VOO), there is enough untapped interest as viably researched and ascertained through MS’ proprietary wealth channels that they are willing to bet that a branded product has commercial viability. It means we are still so early.”
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