$1.8 trillion Morgan Stanley files for Ethereum ETF with SEC
Details on the ticker symbol and listing venue have not been announced.
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Morgan Stanley Investment Management, which manages over $1.8 trillion in assets, has filed a registration statement with the US Securities and Exchange Commission (SEC) to launch an Ethereum exchange-traded fund (ETF) under the name Morgan Stanley Ethereum Trust.
The proposed ETF is designed to offer investors exposure to the second-largest crypto asset without the need to directly purchase, hold, or manage Ether tokens. It would hold Ether directly and stake a portion of its holdings through third-party providers.
The fund’s ticker symbol and trading venue have not yet been disclosed.
The filing comes a day after Morgan Stanley submitted S-1 filings with the SEC to introduce ETFs tied to Bitcoin and Solana. Like the proposed Ether fund, the Solana trust would stake a portion of its SOL holdings and reflect staking rewards in its net asset value.
Ethereum was trading at around $3,200 at press time, up 8% over the past seven days, per CoinMarketCap.