Wall Street Giant Adds Two Crypto ETFs to Client Menu

Beyond Bitcoin

Morgan Stanley has quietly rolled out access to exchange-traded products (ETPs) tracking Ethereum and Solana, marking a significant expansion of the bank’s crypto menu that previously included only Bitcoin-linked instruments. The move, confirmed by several wealth advisers, allows the firm’s financial advisors to offer these products to eligible clients, broadening the gateway for traditional capital to flow into the two largest altcoins by market capitalization.

What’s on the shelf?

The new offerings include physically backed ETPs for Ether and Solana, structured similarly to the Bitcoin ETPs already available. According to sources familiar with the rollout, the products are designed for both accredited and institutional investors seeking regulated exposure without directly holding the tokens. Key details:

• Ether ETPs trade on major European exchanges and are backed by custodial reserves.
• Solana ETPs follow the same model, with custody handled by a third-party digital asset bank.
• Minimum investment thresholds and fee structures mirror those of the existing Bitcoin ETPs.

Why this matters

The decision underscores how traditional finance is slowly expanding its digital asset palette beyond the original cryptocurrency. Solana, in particular, has faced volatility and network outages, but its inclusion in a major bank’s product shelf signals growing confidence among gatekeepers. “This is a validation for the broader ecosystem that these assets are maturing,” said one investment strategist. Regulatory clarity in the European Union, where the ETPs are domiciled, has also made it easier for U.S. firms to offer them to qualified clients.

Wall Street’s crypto appetite has been on a measured rise since the approval of spot Bitcoin ETFs in the U.S. earlier this year. Morgan Stanley’s move suggests that Ether and Solana could be next in line for domestic ETF filings, though no official timeline has been disclosed. For now, the bank’s clients gain a diversified crypto portfolio tool without leaving the familiar confines of a brokerage account.