Morgan Stanley (MS) has taken another step into cryptocurrencies, filing a registration statement for an Ethereum Trust, according to a document filed with the US Securities and Exchange Commission (SEC) on Tuesday.
The move follows filings filed Tuesday for spot bitcoin and sunny exchange-traded funds (ETFs), which followed a rapid expansion of crypto ETFs in the US over the past two years.
Morgan Stanley’s expanding path into cryptocurrencies demonstrates a broader trend among traditional financial institutions (TradFi), which are increasingly looking to offer digital asset products through familiar and regulated vehicles.
The bank opened access to cryptocurrencies to its clients in October through its wealth management division.
Read more: Morgan Stanley files for bitcoin and solana ETFs, deepening crypto momentum
