This feels like the real shift: banks moving from just distributing ETFs to actually issuing them. Fee capture matters more than ideology.
https://www.sandmark.com/news/top-news/morgan-stanley-files-bitcoin-solana-etfs-banks-hit-peak-crypto-fomo?utm_medium=referral&utm_source=redbot&utm_campaign=redbot-ww-en-brand
Posted by JAYCAZ1
2 Comments
good, one more way for BTC to reach people
tldr; Morgan Stanley has filed S-1 registration statements with the SEC to launch its own spot Bitcoin and Solana ETFs, becoming the first Global Systemically Important Bank (G-SIB) to transition from distributor to manufacturer in the crypto space. This move signals a shift in strategy as banks aim to compete directly with asset managers like BlackRock and Fidelity. The inclusion of Solana alongside Bitcoin highlights Morgan Stanley’s broader acceptance of crypto as an investable asset class, moving beyond Bitcoin’s special status.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.