Main banks have lengthy supported BTC.
Nearly two years after the launch of the primary spot Bitcoin ETF within the US, competitors within the house might quickly develop into much more intense with the entry of Morgan Stanley.
The banking big has utilized to the U.S. Securities and Change Fee to launch an exchange-traded fund that can monitor the efficiency of BTC and Solana’s SOL.
of report Most US banks have fully modified their view of the digital asset trade since Donald Trump received final 12 months’s presidential election and made numerous pro-cryptocurrency statements, in accordance with Reuters.
The general regulatory panorama is now fairly completely different in the US, opening the door for extra conventional members to hitch the cryptocurrency trade. Spot crypto ETFs have seen exceptional success generally and would be the most applicable entry route for sure traders.
Morgan Stanley has a protracted historical past with the digital asset trade, most of which has been constructive. Together with BNY Mellon, the corporate has been one of many few US banks to brazenly settle for Bitcoin and a few altcoins over time.
The ETF had publicity to BTC via Grayscale’s GBTC Belief previous to its launch in January 2024. A few of the firm’s executives have made a lot of bullish feedback, together with predictions that Bitcoin might in the future develop into a world reserve foreign money.
SoSoValue knowledge reveals that the Solana ETF has attracted practically $800 million in internet inflows since its inception in mid-2025. The Spot Bitcoin ETF is the undisputed chief, with internet inflows of roughly $58 billion since January 2024.
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