Morgan Stanley Files Ethereum Trust as Crypto ETF Push Gathers Speed
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- Morgan Stanley files Ethereum Trust, marking deeper Wall Street crypto expansion.
- Trust earns staking rewards but reflects them in net asset value, not payouts.
- Ethereum tests $3,200 support as analysts monitor potential sustained uptrend.
Morgan Stanley has taken a decisive step deeper into digital assets, signaling a broader shift in Wall Street’s crypto strategy. The global bank has filed an S-1 registration statement with the US Securities and Exchange Commission for an Ethereum Trust.
The move arrived just one day after filings tied to Bitcoin and Solana investment products. Consequently, the firm has submitted three crypto ETF-related filings within roughly 24 hours, underscoring growing institutional confidence in the sector.
The Ethereum Trust aims to hold Ether directly while tracking its market price. Additionally, the structure allows the fund to e…
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