Key highlights:
- Morgan Stanley filed updated S-1 documents for its Ethereum and Solana ETFs
- The Ethereum ETF would stake at least 50% of its holdings, while the Solana ETF may stake up to 100%
- James Seyffart said the filings suggest its launch could be soon
Now the company appears to be using the same method to gain market share in Ethereum and Solana products.
The bank also suggests Bitcoin exposure in a portfolio ranging from 0%-2% for certain portfolios, while other aggressive portfolios have 2%-4%.
Strategy’s “Bitcoin Banking Adoption Index” ranks Morgan Stanley at 43%. It is ranked at an elite level among banking institutions that are adopting Bitcoin.
The new funds from Morgan Stanley would include staking, which could provide an additional source of returns. The Ethereum ETF would use services from staking providers like Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada. Similar arrangements are also expected for the Solana fund.
Since January, the company has submitted multiple amendments, with new revisions arriving in June and now in July. Although approval has not yet been granted, repeated updates mean regulators are actively reviewing an application.
In other developments, Morgan Stanley is preparing to report its second-quarter earnings on July 15. Analysts are expecting earnings per share of $2.89 and revenue of about $19.67 billion.
Source:: Wall Street Giant Morgan Stanley Nears Launch of Ethereum and Solana ETFs