Morgan Stanley Files Ethereum Spot ETF as TradFi Expands Asset Exposure...
Morgan Stanley filed an Ethereum spot exchange-traded fund (ETF) on Wednesday, becoming the latest American bank to do so. The move is designed to track ETH's price while sharing staking rewards with shareholders.
This news comes just a few days after Bank of America also expanded client access to crypto assets amid rising institutional demand.
Wall Street Giant Enters ETF Market
In addition to Ethereum, Morgan Stanley also filed ETF applications related to Bitcoin and Solana on Tuesday.