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Morgan Stanley files for Bitcoin and Solana ETFs with the SEC, Wall Street accelerates entry into digital assets
【Blockchain Rhythm】On January 6th, news emerged that Wall Street investment banking giant Morgan Stanley has officially submitted application documents to the U.S. Securities and Exchange Commission (SEC), planning to launch exchange-traded fund (ETF) products linked to the prices of cryptocurrencies such as Bitcoin and Solana.
What does this move signify? Simply put, traditional financial giants are using standard financial tools like ETFs to make it easier for ordinary investors to access Bitcoin and Solana. Bitcoin ETFs were approved two years ago, and now it’s the turn for mainstream cryptocurrencies like Solana to enter the traditional financial system through ETFs.
From a macro perspective, Morgan Stanley’s move reflects a clear trend — Wall Street is no longer on the sidelines but is continuously increasing its exposure to the digital asset market. The main reason behind the frequent actions of these traditional financial institutions is the growing size and attractiveness of the crypto asset market, along with the gradually clearer regulatory framework. The launch of ETF products will further regulate the market and attract more institutional and retail funds.
For market participants, such news generally means increased liquidity, lower barriers to entry, and also indicates that cryptocurrencies are gradually evolving from the exclusive domain of geeks and traders into a mainstream asset class.