Morgan Stanley’s Bitcoin and Solana ETF filings show how crypto is moving from optional exposure to integrated wealth infrastructure where bank control matters. On January 6, Morgan Stanley filed Form S-1 registration statements for two new products: the Morgan Stanley Bitcoin Trust and the Morgan Stanley Solana Trust. Asset managers have dominated this market since U.S. regulators approved the first spot Bitcoin ETFs in 2024. By issuing its own ETFs, Morgan Stanley is internalising distribution and keeping fee revenue in-house. As Bloomberg ETF analyst Eric Balchunas has noted, this gives Morgan Stanley the ability to steer client capital toward proprietary funds, even in an already crowded market.

Source: dna February 18, 2026 10:14 UTC