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Morgan Stanley filed for Bitcoin and Solana exchange-traded funds, marking its first foray into the popular corner of the funds world two years after the explosion of crypto-focused ETFs in the US brought them into the mainstream. The firm on Tuesday submitted paperwork for a Bitcoin Trust and a Solana Trust, each of which would hold the individual cryptocurrencies.
This is yet another milestone embracement similar to Vanguard allowing crypto ETF trading and BofA allowing for a small allocation. It’s rare a new asset class comes into the ETF space, hence the further embracement by large institutions.
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