Source: CryptoNewsNet
Original Title: Wall Street Giant Morgan Stanley is Moving Fast! After Bitcoin and Solana, It Has Now Announced Its Move on Ethereum (ETH)!
Original Link:
Morgan Stanley, a Wall Street giant making rapid strides in the cryptocurrency world, has applied for a spot Ethereum (ETH) ETF.
According to CoinDesk, following its applications for Bitcoin and Solana (SOL) ETFs, Morgan Stanley has filed an S-1 application with the U.S. Securities and Exchange Commission (SEC) to create an Ethereum Trust.
Establishing a trust is generally considered equivalent to applying for an ETF.
Morgan Stanley also filed applications with the SEC regarding Bitcoin and the Solana ETF.
The Wall Street giant’s move is said to reflect a trend among traditional financial institutions to offer digital asset products through familiar and regulated channels.
As you may recall, Morgan Stanley, reflecting the increasing adoption of digital assets at the institutional level, began offering its clients access to cryptocurrencies through its asset management arm in October.
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YieldWhisperer
· 01-10 06:14
ngl, morgan stanley filing for spot ETH after BTC and SOL... let me actually check the contract specs on this one. seen this institutional adoption narrative before, usually precedes some wild token issuance nobody accounts for. what's the actual fee structure here? because those "rapid strides" usually mean rapid extraction of value from retail positions lol
Reply0
GasFeeCrier
· 01-07 13:59
JPMorgan is now competing for ETH spot, Wall Street really doesn't want to miss out...
View OriginalReply0
WalletWhisperer
· 01-07 13:58
JPMorgan is copying the homework, so ETH is really about to take off, right?
View OriginalReply0
OnChainDetective
· 01-07 13:57
Wait, Morgan Stanley is making three consecutive moves? Bitcoin, Solana, and then Ethereum... This order is a bit interesting, feels like they are secretly planning something. I need to dig into their wallet cluster movements.
View OriginalReply0
SilentAlpha
· 01-07 13:43
Morgan Stanley is going all in, with BTC, SOL, and ETH all in. It seems traditional finance really has to bow its head.
View OriginalReply0
MoonWaterDroplets
· 01-07 13:36
JPMorgan is really getting into the game, and ETH is not being spared now. Wall Street is gearing up for a full-scale entry.
Morgan Stanley Files for Spot Ethereum ETF Following Bitcoin and Solana Applications
Source: CryptoNewsNet Original Title: Wall Street Giant Morgan Stanley is Moving Fast! After Bitcoin and Solana, It Has Now Announced Its Move on Ethereum (ETH)! Original Link: Morgan Stanley, a Wall Street giant making rapid strides in the cryptocurrency world, has applied for a spot Ethereum (ETH) ETF.
According to CoinDesk, following its applications for Bitcoin and Solana (SOL) ETFs, Morgan Stanley has filed an S-1 application with the U.S. Securities and Exchange Commission (SEC) to create an Ethereum Trust.
Establishing a trust is generally considered equivalent to applying for an ETF.
Morgan Stanley also filed applications with the SEC regarding Bitcoin and the Solana ETF.
The Wall Street giant’s move is said to reflect a trend among traditional financial institutions to offer digital asset products through familiar and regulated channels.
As you may recall, Morgan Stanley, reflecting the increasing adoption of digital assets at the institutional level, began offering its clients access to cryptocurrencies through its asset management arm in October.