An American investment bank has filed with the US Securities and Exchange Commission to launch two exchange-traded funds trading in Bitcoin and Solana.
The investment products will be known as the Morgan Stanley Bitcoin Trust and the Morgan Stanley Solana Trust.
According to the documents, the trusts will issue common shares with beneficial ownership, which are expected to be listed on US stock exchanges. This will allow retail investors to track the price movements of Bitcoin and Solana without requiring them to directly hold the cryptocurrency.
According to the prospectus, the new funds will operate as passive investment vehicles that hold digital assets and price their shares based on a price target consisting of an aggregate index of trading activity on major BTC and Solana spot exchanges. The structure is designed to track the price movements of cryptocurrencies, taking into account expenses and liabilities.
If approved, the ETF is expected to attract new Bitcoin and Solana investors from Morgan Stanley's more than 19 million clients.
The bank is actively expanding its involvement in the cryptocurrency industry. In October 2025, for example, it authorized its financial advisors to recommend crypto funds to clients with individual retirement accounts.