On January 6, 2026, Morgan Stanley submitted a formal application to the U.S. Securities and Exchange Commission (SEC), aiming to obtain the green light for introducing exchange - traded funds (ETFs) that are tied to the price movements of the well - known cryptocurrencies, Bitcoin and Solana. In the context of the financial market, this strategic move comes two years following the SEC's approval of the first spot Bitcoin ETF listed in the United States. It is a significant step that is set to further expand Morgan Stanley's foothold and enhance its influence within the ever - evolving cryptocurrency sector. In American financial culture, the launch of new financial products like ETFs is often seen as a way for institutions to tap into emerging markets and diversify their investment portfolios. The approval process for such products is rigorous, reflecting the SEC's role in safeguarding investor interests and maintaining market stability. By applying for these Bitcoin and Solana ETFs, Morgan Stanley is demonstrating its confidence in the long - term potential of these cryptocurrencies and its commitment to staying at the forefront of financial innovation.