Morgan Stanley has taken a decisive step into the world of digital assets by applying for its first cryptocurrency exchange-traded funds.
The bank filed the applications with the US Securities and Exchange Commission on Tuesday, becoming the first major US bank to venture into this type of product.
According to the applications, the bank intends to offer ETFs linked to the performance of Bitcoin and Solana. This initiative underscores Morgan Stanley's intention to deepen its involvement in the growing cryptocurrency market and offer its clients new investment vehicles.
The regulatory environment has become increasingly favorable for such initiatives.
The current administration of US President Donald Trump has provided more defined guidelines, while a December resolution by the Office of the Comptroller of the Currency explicitly allowed banks to facilitate crypto transactions.