Morgan Stanley solicita ETF duplo! Bitcoin e Solana previsão de arrecadação anual de 1500 bilhões

Morgan Stanley submits Bitcoin and Solana ETF applications to SEC, with SOL featuring staking functionality. On Monday, Bitcoin ETF net inflows reached $697 million, a new high, with Bloomberg analysts predicting annual inflows of $150 billion. Morgan Stanley only began recommending crypto ETFs in October last year, and now is issuing its own using a BYOA strategy.

Morgan Stanley’s 180-Degree Turnaround from Prohibition to Issuance

Morgan Stanley has submitted S-1 registration statements to the US Securities and Exchange Commission, planning to launch spot Bitcoin and Solana ETFs, marking the company’s deeper entry into regulated cryptocurrency products. The Wall Street giant separately filed application documents for a Bitcoin Trust Fund and a Solana Trust Fund, with its proposed Solana fund including staking functionality.

Until recently, Morgan Stanley’s financial advisors were prohibited from purchasing crypto ETFs for clients. But that changed in October last year. At that time, the company stated it was recommending limiting cryptocurrency allocation to no more than 4% in its most aggressive client portfolios, a move similar to actions taken by companies like BlackRock and Fidelity. Just months later, Morgan Stanley upgraded from “allowing distribution” to “self-issuance,” a speed of attitude change that is extremely rare among conservative Wall Street giants.

If approved, these applications would position Morgan Stanley alongside major spot crypto ETF issuers like BlackRock and Fidelity, reflecting growing mainstream investment demand for digital assets. This comes as US spot crypto ETFs have recently surpassed $2 trillion in cumulative trading volume, with spot Bitcoin ETFs alone exceeding $123.5 billion in assets under management.

Morgan Stanley’s filings come as the US Securities and Exchange Commission (SEC) operates in a friendlier regulatory environment for cryptocurrencies, with President Trump’s return leading the agency to introduce faster standard listing procedures for crypto ETFs. This further solidifies the company’s broader crypto strategy, including recommending a 4% allocation cap for opportunistic portfolios and expanding cryptocurrency access across all client accounts, including retirement plans.

Morgan Stanley manages approximately 20 ETFs under brands including Calvert and Eaton Vance, but currently only two ETFs are issued under the Morgan Stanley name, highlighting the rarity of such branding decisions. Issuing ETFs under the company’s own brand means higher reputational risk, as poor product performance would directly impact Morgan Stanley’s brand image.

The Business Logic and Competitive Effects of BYOA Strategy

Bloomberg Senior ETF Analyst Eric Balchunas called the move “wise,” stating that Morgan Stanley can use these funds to launch its BYOA (Bring Your Own Assets) ETF strategy, where large asset management companies direct client funds into their own proprietary products rather than into competing funds.

NovaDius Wealth President Nate Geraci wrote on X: “Now they’re also launching their own crypto ETF. Given Morgan Stanley’s massive distribution network, this makes sense. Clearly, they’re seeing enormous client demand for crypto ETFs.” With Morgan Stanley managing over $6 trillion in client assets and employing tens of thousands of wealth advisors, widespread promotion of their own ETFs through this distribution network would create a staggering siphoning effect.

Balchunas wrote on X: “This could spark several other firms to launch their own branded Bitcoin ETFs too. We’ll see.” This chain reaction could include traditional finance giants like Goldman Sachs, Bank of America, and UBS. Once these institutions all launch their own branded Bitcoin ETFs, market competition will intensify, but for investors this means more choices and lower fees.

Three Key Implications of Morgan Stanley’s Dual ETF Applications

Upgraded Mainstream Recognition: America’s sixth-largest bank issuing under its own brand provides stronger trust endorsement than distribution

BYOA Strategy for Customer Lock-in: Directing client funds to proprietary products, reducing capital flowing to BlackRock and Fidelity

Solana Institutional Adoption: First major bank to apply for SOL ETF, marking Solana’s entry into institutional asset class

$150 Billion Annual Inflow Prediction “Roaring Like a Lion”

On Monday, US spot Bitcoin ETFs received net inflows of $697 million, the largest single-day inflow since October, as crypto market sentiment improved in early 2026. This surge pushed two-day inflows close to $1.2 billion, with demand broadly distributed across issuers, with BlackRock’s IBIT ($660 million) and Fidelity’s FBTC ($279 million) leading gains.

Bloomberg Senior ETF Analyst Eric Balchunas stated on X that spot Bitcoin ETFs are “roaring into 2026 like lions,” adding that early inflow speeds would mean approximately $150 billion in annual inflows if momentum continues. This projection is annualized based on the first two days of inflows; while maintaining such high speed year-round is unlikely, even cutting it in half represents an impressive $75 billion scale.

BTC Markets crypto analyst Rachael Lucas stated that ETF repurchases reflect “cautious optimism from major asset allocators,” and while near-term outlook still depends on macroeconomic and regulatory stability, current ETF flows are supporting crypto prices. Institutional investors are upgrading cryptocurrency from tactical allocation to strategic assets, a mental shift that is the fundamental reason for continued inflows.

Bitwise Chief Information Officer Matt Hougan wrote in an X post: “Major institutions are diving into crypto at full speed, viewing it as a critical business priority.” Morgan Stanley’s application is just the beginning, with giants like Goldman Sachs and JPMorgan Chase likely following suit.