Morgan Stanley’s Bitcoin ETF Nets $46M Inflows as Crypto Tokenization Plans Surface
Morgan Stanley’s spot Bitcoin ETF launched Wednesday and generated approximately $46 million in net inflows since debut. The firm is evaluating Ethereum and Solana ETFs, exploring tokenized money-market funds, yield-bearing U.S. Treasury tokens and crypto tax-loss harvesting solutions.
1. Spot Bitcoin ETF Debut
Morgan Stanley launched its spot Bitcoin ETF on Wednesday, generating approximately $46 million in net inflows in its first trading session. This marks the firm’s entry into direct crypto ETF offerings after enabling over 15,000 wealth advisors to pitch third-party Bitcoin funds last year.
2. Ethereum and Solana ETF Filings
In January, Morgan Stanley filed applications for exchange-traded funds tracking Ethereum and Solana, signaling a broader crypto ETF roadmap. Head of digital-asset strategy Amy Oldenburg stated that the Bitcoin fund is just the start of the bank’s digital-asset journey.
3. Tokenization and Yield Products
The bank is exploring a tokenized money-market fund and yield-bearing tokens backed by U.S. Treasuries to create digital representations of real-world assets. It plans to leverage its Parametric subsidiary’s tax-loss harvesting expertise to help clients offset capital gains with digital-asset solutions.
4. Crypto Trading and Lending
Morgan Stanley confirmed plans to offer crypto trading via E*TRADE in partnership with Zerohash and is evaluating Bitcoin-based yield and lending services. These moves aim to deepen its digital-asset footprint and expand offerings for its wealth advisory network.