Editor's PiCK
Morgan Stanley submits S-1 applications for Bitcoin and Solana trusts
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Summary
- Morgan Stanley has begun procedures to launch trust products backed by Bitcoin and Solana.
- Morgan Stanley said it filed S-1 registration applications with the U.S. Securities and Exchange Commission (SEC) for a Bitcoin trust and a Solana trust.
- The trusts' structures, launch timing, and actual approval status have not yet been disclosed, and their launch is expected to be determined by the SEC's review results.
U.S. major investment bank Morgan Stanley appears to have begun the process of launching trust products backed by Bitcoin (BTC) and Solana (SOL).
On the 6th, crypto-focused channel Unfolded reported via X (formerly Twitter) that "Morgan Stanley recently filed S-1 registration applications with the U.S. Securities and Exchange Commission (SEC) for a Bitcoin trust and a Solana trust, respectively." An S-1 is a registration document that must be filed before selling a new security to the general public.
The filing is interpreted as a preparatory step for Morgan Stanley to bring trust products based on major crypto assets into the formal system. However, specific details such as the trusts' structures, launch timing, and whether they will actually be approved have not yet been disclosed. Whether the products will be launched is expected to be determined by the U.S. Securities and Exchange Commission's review.
