Morgan Stanley Is Building Its Own Crypto ETFs

Summary

Morgan Stanley has filed with the SEC to launch its own spot Bitcoin and Solana ETFs, marking the first major U.S. bank to offer a Bitcoin-linked fund and signaling a move to bring crypto product revenue in-house. The passive, physically‑backed funds aim to replace third‑party offerings, allowing the wealth‑management division to capture fees and compete with industry leaders like BlackRock, whose Bitcoin ETFs now generate over $70 billion in allocations. By also launching a Solana Trust, Morgan Stanley is betting on the fast, low‑cost blockchain’s growing appeal, highlighted by recent upgrades and adoption by firms such as PayPal.