Morgan Stanley, a major banking institution, has filed with the SEC to launch two exchange-traded funds (ETFs) focused on Bitcoin and Solana. According to reports, these ETFs aim to track the prices of the underlying tokens. The Morgan Stanley Bitcoin Trust will use a benchmark derived from major spot bitcoin exchanges to calculate its share value. The Morgan Stanley Solana Trust will track the price of SOL and also reflect rewards from staking a portion of the Trust’s SOL, using third-party staking service providers. The filing outlines a mechanism for the trust to distribute rewards to shareholders quarterly.

Morgan Stanley, a major banking institution, has filed with the SEC to launch two exchange-traded funds (ETFs) focused on Bitcoin and Solana. According to reports, these ETFs aim to track the prices of the underlying tokens. The Morgan Stanley Bitcoin Trust will use a benchmark derived from major spot bitcoin exchanges to calculate its share value. The Morgan Stanley Solana Trust will track the price of SOL and also reflect rewards from staking a portion of the Trust’s SOL, using third-party staking service providers. The filing outlines a mechanism for the trust to distribute rewards to shareholders quarterly.