+14.4% (FY ended 2025-12-31 vs FY ended 2024-12-31) 10-K
Annual net income
16,861,000,000 USD (FY ended 2025-12-31, attributable to the company) 10-K
Annual operating margin
Unavailable
Forward P/E
Unavailable: no dated forecast source
Gloria daily close for session Oct 29, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.
8,852,000,000FY ended 2025-12-31, attributable to the company · 10-K
Unavailable
Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.
Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 29, 2026, 1:46 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.
Morgan Stanley parked $29.9 million into Bitwise’s Solana staking ETF during the first quarter of 2025.
The Bitwise product Morgan Stanley chose isn’t a plain-vanilla spot fund. It’s a Solana staking ETF, which means it holds actual SOL tokens while simultaneously staking a significant portion of them to generate yield. Bitwise targets roughly 70% of the fund’s holdings for staking.
In English: investors get price exposure to Solana plus a stream of staking rewards, similar to earning interest on a savings account while the underlying asset can still appreciate. It’s a two-for-one value proposition that doesn’t really exist in the Bitcoin ETF world, since Bitcoin doesn’t have a native staking mechanism.
Combined assets under management for Bitwise’s and Fidelity’s Solana products have surpassed $1 billion.
Morgan Stanley’s bigger Solana playbook
The bank filed with the SEC on January 6, 2025, to launch its own Solana Trust, alongside a Bitcoin Trust. Both filings are still pending regulatory approval.
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Standard Chartered analysts have set a year-end price target for SOL at $250, citing new developments and growth metrics on the network.
The risk side of the equation hasn’t disappeared. Solana’s network has historically experienced outages that would be unacceptable for traditional financial infrastructure. Regulatory clarity around staking products remains a moving target, and the SEC’s decision on Morgan Stanley’s pending trust filings could go either way.
The $1 billion combined AUM milestone for Bitwise and Fidelity’s Solana funds suggests that capital is arriving steadily, not in a single speculative wave.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
