Morgan Stanley has officially submitted an S-1 registration statement for an Ethereum spot trust to the U.S. SEC. This move marks the acceleration of major global investment banks in deploying mainstream crypto assets such as Ethereum.

From a market perspective, this not only reflects institutional investors' recognition of Ethereum's long-term value but also indicates a clear increase in traditional financial institutions' emphasis on the Web3 ecosystem. The S-1 registration is a key step in advancing the public trading of trust products. Once approved, it will provide easier access to Ethereum for institutions and professional investors.

Recently, frequent institutional-level actions have been observed, whether it is the filing of spot funds or the enrichment of derivative tools, all of which are gradually improving the crypto asset investment ecosystem. These signals may be worth paying attention to.