Morgan Stanley (MS) has taken another step deeper into the crypto, filing a registration statement for an Ethereum Trust, according to a filing with the U.S Securities and Exchange Commission (SEC) on Tuesday.
The move follows filings submitted Tuesday for spot bitcoin and solana exchange-traded funds (ETFs), which followed a rapid expansion of crypto ETFs in the U.S. over the past two years.
Morgan Stanley’s expanding route into crypto demonstrates a broader trend among traditional financial (TradFi) institutions, which are increasingly seeking to offer digital asset products through familiar, regulated vehicles.
The bank opened crypto access to its clients in October via its wealth management arm.
Read more: Morgan Stanley files for bitcoin and solana ETFs, deepening crypto push