Morgan Stanley has filed with the Securities and Exchange Commission for spot Ethereum and Solana exchange-traded funds, according to SEC filings. The filings extend institutional crypto asset adoption beyond Bitcoin following a year of significant inflows into spot Bitcoin ETFs.
Spot Bitcoin ETF products drew substantial capital in 2024. Galaxy Digital's SEC filings show the category received $18.9 billion through September 30, 2024, with full-year figures reaching higher levels as additional products launched late in the year.
Morgan Stanley's move follows a pattern of major financial institutions entering the crypto ETF market. The firm's Bitcoin ETF launched in 2024, and the new filings for Ethereum and Solana extend the bank's crypto product suite as institutional demand for spot-traded digital assets expands.
Ethereum and Solana have been among the most-requested assets for traditional investment products. The SEC has approved multiple spot Bitcoin ETF applications since January 2024. Spot Ethereum ETFs have also gained SEC approval, though Solana-based products remain less common in institutional investment.
Morgan Stanley's filings indicate the firm is positioning for potential approval in what remains an active period for crypto product development at major financial institutions. The SEC typically reviews ETF filings over several months before issuing approval or denial.
