Overview
- Morgan Stanley Investment Management submitted Jan. 6 S-1s for the Morgan Stanley Bitcoin Trust and the Morgan Stanley Solana Trust.
- The Bitcoin fund would hold BTC directly as a passive vehicle, calculate daily NAV from a spot-price benchmark, and allow creations and redemptions by authorized participants in cash or in kind via selected third-party counterparties.
- The Solana trust plans to stake a portion of its SOL so staking rewards accrue to the fund’s net asset value, offering price exposure with on-chain yield integrated into NAV.
- The filings do not yet disclose custodians, crypto counterparties, fee levels, or ticker symbols, and shares would list on a national securities exchange only if approved.
- Recent market context includes $1.16 billion in two-day net inflows to spot Bitcoin ETFs and a short-term Solana move of roughly 2.44% with a 43% volume jump in the past 24 hours reported around the announcement.