tldr; Morgan Stanley has filed for spot Ethereum ETFs, aiming to track ETH’s price and pass staking rewards to shareholders. This marks the bank’s first foray into the crypto ETF market, alongside applications for Bitcoin and Solana ETFs. The move reflects growing institutional interest in digital assets, with other major banks like Bank of America and BlackRock also expanding crypto offerings. Despite this, the broader crypto market faces challenges, including a $600 billion drop in Bitcoin market cap and heightened volatility.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
partymsl on
Pump, where?
GBeastETH on
I saw a lot of hype yesterday about how they skipped Ethereum when they announced their new Bitcoin and Solana ETFs.
Looks like they were just running a day behind on the ETH filing, or maybe they wanted to be able to make a separate press release for more coverage.
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tldr; Morgan Stanley has filed for spot Ethereum ETFs, aiming to track ETH’s price and pass staking rewards to shareholders. This marks the bank’s first foray into the crypto ETF market, alongside applications for Bitcoin and Solana ETFs. The move reflects growing institutional interest in digital assets, with other major banks like Bank of America and BlackRock also expanding crypto offerings. Despite this, the broader crypto market faces challenges, including a $600 billion drop in Bitcoin market cap and heightened volatility.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Pump, where?
I saw a lot of hype yesterday about how they skipped Ethereum when they announced their new Bitcoin and Solana ETFs.
Looks like they were just running a day behind on the ETH filing, or maybe they wanted to be able to make a separate press release for more coverage.