Key Takeaways
- Morgan Stanley is seeking approval to launch an Ethereum ETF, broadening its crypto offerings.
- The ETF will be managed via a Delaware statutory trust to directly track Ether’s performance.
Morgan Stanley Investment Management, which manages over $1.8 trillion in assets, has filed a registration statement with the US Securities and Exchange Commission (SEC) to launch an Ethereum exchange-traded fund (ETF) under the name Morgan Stanley Ethereum Trust.
The proposed ETF is designed to offer investors exposure to Ethereum without the need to directly purchase, hold, or manage Ether tokens. It would hold Ether directly and stake a portion of its holdings through third-party providers.
The fund’s ticker symbol and trading venue have not yet been disclosed.
The filing comes a day after Morgan Stanley submitted S-1 filings with the SEC to introduce ETFs tied to Bitcoin and Solana. Like its proposed Ether fund, the Solana trust product aims to stake a portion of its SOL holdings and incorporate staking rewards into the fund’s net asset value.
Source: https://cryptobriefing.com/morgan-stanley-files-ethereum-etf/