Morgan Stanley wants in on a new business: crypto.
What’s happening:
- Morgan Stanley has officially submitted a Form S-1 with the United States Securities and Exchange Commission to launch a spot Bitcoin ETF
Why it matters:
- This is the first time ever that Morgan Stanley has ventured into launching their own digital asset ETF on a major stock exchange in the United States
Going deeper:
- Morgan Stanley has also filed a Form S-1 with the United States Securities and Exchange Commission to list a spot Solana ETF as well
- Asset management giant BlackRock previously made major waves on Wall Street when they publicly stated their iShares Bitcoin Trust (NASDAQ: IBIT) is their fastest growing and most profitable ETF ever
