It has been almost two years since the launch of the first spot Bitcoin ETF in the United States, and the field could soon become even more competitive with the entrance of Morgan Stanley.
The banking behemoth has filed with the United States Securities and Exchange Commission to launch exchange-traded funds tracking the performance of BTC, and also Solana’s SOL.
The report by Reuters indicated that most US banks have completely changed their views on the digital asset industry ever since Donald Trump won the presidential elections last year and made countless pro-crypto statements.
The overall regulatory landscape is entirely different in the US now, which has opened the doors for more legacy participants to join the cryptocurrency industry. Spot crypto ETFs have seen spectacular success for the most part, and they appear as the most appropriate entrance path for certain investors.
Morgan Stanley has a long history with the digital asset industry, most of which has been positive. Alongside BNY Mellon, it has been among the few US banks to openly embrace bitcoin and a few altcoins over the years.
Even before the ETF launched in January 2024, it had exposure to BTC through Grayscale’s GBTC trust. Some of its execs have made numerous bullish comments, including a prediction that bitcoin might become a global reserve currency one day.
SoSoValue data reveals that the Solana ETFs have attracted almost $800 million in net inflows since they went live in mid-2025. The spot Bitcoin ETFs are the undisputed leader, with almost $58 billion in total net inflows since January 2024.
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