January 6, 2026, Morgan Stanley submitted two S-1 registration statements to the SEC, respectively targeting: Morgan Stanley Bitcoin Trust: a trust designed to directly hold Bitcoin and track the spot price of Bitcoin (similar to a spot Bitcoin ETF).

Morgan Stanley Solana Trust: a trust designed to directly hold Solana (SOL) and track its price, with plans to engage in staking to generate additional returns.

This marks Morgan Stanley's formal entry into the cryptocurrency ETF/trust space, competing with giants like BlackRock and Fidelity, reflecting Wall Street institutions' growing embrace of crypto assets, especially with Bitcoin ETFs having been approved for two years, and increasing interest in altcoins such as Solana. #加密市场观察 $BTC $SOL