Morgan Stanley has filed an SEC Form S-1 for a spot Bitcoin ETF, named the Morgan Stanley Bitcoin Trust. This aims to directly track Bitcoin's price, marking a significant step towards crypto mainstreaming by Wall Street. 🚀

This move signals a strategic shift towards in-house crypto asset management for the financial giant. It aligns with the growing approvals and substantial inflows seen in the U.S. spot Bitcoin ETF market. 📈

Furthermore, Morgan Stanley is advancing crypto trading on its E-Trade platform. This indicates increasing institutional adoption of digital assets amid a more favorable regulatory environment. 💼