Morgan Stanley files application for Bitcoin trust registration
The American financial giant Morgan Stanley has submitted an application to the U.S. Securities and Exchange Commission (SEC) to create a Bitcoin trust. Additionally, the company has filed for the launch of a spot Solana Trust, indicating an expansion in its investment products related to cryptocurrencies.
Source SEC
Morgan Stanley’s move reflects the growing interest of traditional financial institutions in digital assets and their efforts to offer institutional clients new investment opportunities. The launch of these trusts could help strengthen the market position of cryptocurrencies and increase their appeal to a broader range of investors.
Looking ahead, it is expected that the SEC will review Morgan Stanley’s application in the context of cryptocurrency regulation, potentially allowing trading of the new trusts on traditional exchanges, which could boost their liquidity and popularity.
