Overview
- Morgan Stanley Investment Management filed S-1 registration statements with the U.S. Securities and Exchange Commission for proposed spot Bitcoin and spot Solana exchange-traded funds.
- The Morgan Stanley Bitcoin Trust would hold Bitcoin directly, track a benchmark built from trading across major spot exchanges, and operate passively without leverage or derivatives.
- The proposed Solana vehicle would track SOL’s spot price and stake a portion of its holdings so that staking rewards accrue to the fund and are reflected in net asset value.
- The filings initiate the SEC review process, which may involve comments and amendments, and approval is not assured.
- The move extends traditional asset managers’ push into spot crypto ETFs, with the Solana fund’s staking feature highlighting added operational and regulatory considerations.