Morgan Stanley Ethereum Trust Application

Morgan Stanley Filed for Ethereum Trust

Morgan Stanley has submitted a registration application to the U.S. Securities and Exchange Commission (SEC) for an Ethereum Trust. This development comes shortly after the bank's application for a spot Bitcoin and Solana exchange-traded fund (ETF).

In the last two years, cryptocurrency exchange-traded funds have rapidly grown in the U.S. Morgan Stanley began offering access to crypto assets through its wealth management division starting in October. This move indicates an increase in the institutional acceptance of digital assets.