Wall Street behemoth Morgan Stanley is expanding its recent push into crypto Exchange-Traded Funds (ETFs) and has filed a registration statement for an Ethereum (ETH) Trust with the US Securities and Exchange Commission (SEC).
Morgan Stanley Files For Ethereum TrustThe SEC Filing shows that the bank “plans to engage one or more Staking Services Providers to conduct such Staking Activities,” using a staking model that “aims to maximize the portion of the Trust’s ether available for staking while controlling for liquidity and redemption risks.
Nonetheless, the document doesn’t address key details, such as the exchange on which the fund will be listed, the Trust’s custodian, or the ticker. Morgan Stanley’s Ethereum ETF filing follows recent efforts to launch other investment products based on some of the largest cryptocurrencies by market capitalization.
Similar to its submitted Ethereum ETF, the Solana fund will include an allocation for staking, and plans to engage one or more third-party staking service providers to conduct these activities.
A Broader Crypto PushNotably, Morgan Stanley’s crypto ETF move is part of a broader shift toward a more welcoming approach that expands the presence of traditional institutions in the digital assets industry.
This pivot follows US regulatory efforts led by the Trump administration to turn the country into the “crypto capital of the world.” Amid this major push, the SEC has published new generic listing standards for crypto-based ETFs, which have seen a successful run since their initial launch nearly two years ago.
It also announced last year that it would enable trading of the largest cryptocurrencies, Bitcoin, Ethereum, and Solana, through its E-Trade subsidiary.
