Morgan Stanley Files for Bitcoin and Solana ETFs, Bank of America Recommends Bitcoin Allocation

Source: Google News Positive
Major banks Morgan Stanley and Bank of America are deepening their crypto involvement, with Morgan Stanley filing for Bitcoin and Solana ETFs and Bank of America recommending Bitcoin allocations to clients, signaling increasing institutional adoption and mainstream acceptance.

Morgan Stanley has filed with the U.S. SEC to launch exchange-traded funds tied to the prices of Bitcoin and Solana, marking a significant move by a major U.S. bank to deepen its involvement in the cryptocurrency space. This follows regulatory clarity and a broader trend of mainstream finance companies embracing digital assets. Concurrently, Bank of America has begun allowing its wealth management advisors to recommend a 1% to 4% portfolio allocation in regulated Bitcoin ETFs to their clients, effective January 5, 2026. This decision aligns with similar expansions in crypto offerings by other financial giants like BlackRock, Fidelity, and JPMorgan, indicating growing institutional capital and client interest in digital assets.

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