Morgan Stanley files S-1 for spot Bitcoin, Solana ETFs

Morgan Stanley diversifies its investment offerings by entering the digital asset arena with new ETF initiatives.

Photo: Mike Blake

Key Takeaways

• Morgan Stanley Investment Management filed S-1 registration statements for proposed spot Bitcoin and spot Solana ETFs.
• The proposed ETFs would track the spot prices of Bitcoin and Solana, with the Solana fund also incorporating staking to earn additional rewards.

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Morgan Stanley Investment Management, the asset management arm of global financial firm Morgan Stanley, on Tuesday submitted two S-1 filings to the Securities and Exchange Commission seeking approval to launch spot Bitcoin and spot Solana exchange-traded funds.

The Morgan Stanley Bitcoin Trust would track Bitcoin’s performance through a pricing benchmark based on aggregated trade flow from major spot exchanges. The trust was formed as a Delaware statutory trust on December 16, 2025.

The proposed Solana fund aims to give investors exposure to Solana, the native token of the Solana blockchain. Unlike a Bitcoin ETF, the Solana trust also plans to stake a portion of its SOL holdings, with staking rewards accruing to the fund and reflected in its net asset value.

This is a developing story.

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