Morgan Stanley Files for Ethereum ETF After BTC and Sol Filings

Morgan Stanley filed an S-1 for an Ethereum ETF after its filings for Bitcoin and Solana ETFs yesterday. The fund will offer institutional investors exposure to ETH.

With assets under management (AUM) of around $9 trillion, Morgan Stanley has applied for an Ethereum ETF. This comes after the Wall Street behemoth filed for Bitcoin and Solana ETFs in an effort to provide its customers with exposure to the cryptocurrency market.

Morgan Stanley Submits an S-1 to the SEC for an Ethereum ETF

The asset manager has submitted its registration statement for an ETH ETF, according to an SEC filing. The Morgan Stanley Ethereum Trust tracks the price of ETH in an effort to produce returns.

The filing for an Ethereum ETF is noteworthy because it was made the same day Morgan Stanley filed for Solana and Bitcoin ETFs. The ETH registration reveals that the asset manager intends to engage in staking, producing yield on its ETH holdings for investors, much like the Solana ETF filing.

Morgan Stanley also intends to provide its ETH Trust with in-kind creation and redemptions. The file, however, omits important information like the Trust's custodian, the ticker, and the exchange the fund will list on.

Notably, the Wall Street giant has now registered ETFs for the cryptocurrency assets it intends to market when it launches cryptocurrency trading for its retail clients via its eTrade division. After removing all limits on cryptocurrency investments for its wealthiest clientele, the firm is also expected to make its BTC, ETH, and SOL ETFs available to them when they go into force.

Morgan Stanley's decision to offer cryptocurrency exchange-traded funds (ETFs) was characterized as “pretty remarkable” by Bitwise Chief Investment Officer (CIO) Matt Hougan yesterday. He said this while pointing out that the company oversees 20 ETFs, primarily under the Eaton Vance, Parametric, and Calvert brands. Therefore, the ETFs for Bitcoin, Ethereum, and SOL will be the third, fourth, and fifth to use the “Morgan Stanley” name.