Wall Street giants go all out! Morgan Stanley accelerates the launch of Ethereum ETF in less than 24 hours

robot
Abstract generation in progress

Morgan Stanley Continues to Apply for BTC, SOL, and ETH Spot ETFs, Incorporating Staking Mechanisms, Signaling Wall Street’s Full Entry into the Accelerating Cryptocurrency Market Wave.

18:[“$”,“$L20”,null,{“namespaces”:[“footer”],“locale”:“en”,“resources”:{“en”:{“footer”:{“TITLE”:“Focus on the Global Future of Crypto”,“ABOUT”:“About Us”,“RECRUIT”:“Submit Your Article”,“CONTACT”:“Contact Us”,“COOPERATE”:“Business Cooperation”,“RSS”:“API/RSS”,“TERMS”:“Terms of Service”}}},“children”:[“$”,“$L29”,null,{}]}] 2a:[“news”] 2b:T798,

Wall Street investment bank Morgan Stanley is sweeping the market with a “lightning strike” approach in the cryptocurrency sector. Following their application on Tuesday to launch Bitcoin (BTC) and Solana (SOL) spot ETFs, they submitted another filing to the U.S. Securities and Exchange Commission (SEC) within 24 hours, seeking approval for an Ethereum (ETH) spot ETF.

This series of aggressive moves not only surprised the market but also marked a full transformation of this asset management giant, managing trillions of dollars, from a “wait-and-see” observer to an active participant.

According to the S-1 registration statement disclosed on the SEC website, Morgan Stanley plans to launch the “Morgan Stanley Ethereum Trust,” which will not only hold and track the price of Ethereum directly but also allocate part of its assets to staking to generate additional income.

It is noteworthy that the staking yields from this Ethereum spot ETF will not be directly distributed to investors but will be reflected in the fund’s net asset value (NAV). This design differs from some competitors, such as Grayscale’s Ethereum ETF, which has begun distributing staking rewards directly to investors.

Morgan Stanley’s strong entry comes at a time when the cryptocurrency ETF market is reaching new heights. According to the latest data, the total trading volume of U.S. cryptocurrency spot ETFs has officially surpassed $2 trillion; meanwhile, the total assets under management (AUM) of Ethereum spot ETFs stand at 200

ETH-1,05%
BTC-0,67%
SOL-2,01%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)