Morgan Stanley has strengthened its position in the crypto ETF market by submitting a formal application for a spot Ethereum exchange traded fund in the United States.
The Wall Street giant Morgan Stanley has filed S-1 registration documents with the U.S. Securities and Exchange Commission for the Morgan Stanley Ethereum Trust. According to Reuters, the filing is structured as a spot ETF designed to track the price of Ethereum directly.
The move follows the firm’s recent filings for Bitcoin and Solana focused products. Taken together, these applications suggest that Morgan Stanley views digital assets as a core part of its long term strategy rather than a short term trend.
The Ethereum ETF filing comes at a time when the U.S. crypto ETF market is expanding rapidly. With total spot crypto ETF trading volume surpassing $2 trillion, the strong momentum seen in Bitcoin products is increasingly fueling expectations for Ethereum based offerings.
