Morgan Stanley files Solana Trust S-1 registration statement, Wall Street accelerates into the SOL ecosystem

According to the latest news, Morgan Stanley has submitted an S-1 registration statement for a Solana trust to the U.S. SEC. This move indicates that Wall Street is developing more convenient Solana investment products for retail and institutional investors, similar to the wave of institutional entry sparked by Bitcoin spot ETFs in 2024. Currently, SOL is priced at $137.82, with a nearly 7-day increase of 10.80%, ranking 6th by market capitalization. Behind this application reflects traditional finance’s systemic optimism towards the Solana ecosystem.

New Breakthroughs in Institutional-Grade Products

What does the S-1 application mean

An S-1 application is a registration statement filed with the U.S. Securities and Exchange Commission, typically used to launch new investment products. Morgan Stanley’s submission of a Solana trust S-1 essentially replicates the successful path of Bitcoin spot ETFs—through regulated financial products, enabling institutional investors to gain exposure to Solana with lower friction costs.

Advantages of such products include:

• No need to directly manage private keys and cold wallets, reducing technical barriers for institutions
• Compliant with U.S. regulatory frameworks, facilitating participation by conservative institutions like pension funds and insurance companies
• Providing standardized allocation solutions for high-net-worth clients and wealth management firms
• Compared to directly purchasing SOL tokens, productization reduces legal and compliance risks

Why Solana

Solana’s ability to attract attention from institutions like Morgan Stanley is no coincidence. According to recent information, the Solana ecosystem is becoming an important platform for RWA (Real-World Asset) tokenization. Ecosystem giants like Jupiter have launched native stablecoins such as JupUSD, backed by BlackRock’s tokenized funds and Ethena’s USDe, fully demonstrating that Solana has entered the stage of institutional-grade applications.

From performance metrics, Solana’s high throughput and low-cost features make it an ideal choice for handling large-scale institutional transactions. Compared to other public chains, Solana’s ecosystem application density, developer activity, and trading volume remain industry-leading.

Wall Street’s Systemic Entry

Morgan Stanley’s move is not an isolated event but another step in the institutionalization process on Wall Street.

Based on recent information, since the end of 2024, institutional attitudes towards crypto assets have undergone a fundamental shift:

These data points indicate that institutions are no longer experimenting sporadically but are systematically reallocating their portfolios.

SOL Price and Market Response

The current performance of SOL reflects this trend:

• 24-hour increase: 1.64%
• 7-day increase: 10.80%
• 30-day increase: 4.13%
• Market cap: $7.765 billion, accounting for 2.42% of the crypto market
• 24-hour trading volume: $503 million

The sustained rise of SOL not only reflects improvements in the ecosystem fundamentals but also market expectations of institutional entry. According to analysis, factors driving the rise of Bitcoin and other crypto assets include accelerated institutional adoption, a shift towards friendly crypto regulation, and a resurgence of optimistic AI sentiment. These factors are equally applicable to Solana.

Possible Future Developments

If Morgan Stanley’s Solana trust S-1 application is approved, several potential developments can be anticipated:

• Other major investment banks (such as Goldman Sachs, BlackRock) may follow suit with similar products
• Institutional allocation to Solana could move from experimental to standard levels
• The application layer of the Solana ecosystem might receive increased institutional funding
• Development of stablecoins and RWA on Solana could accelerate

These series of changes will push Solana from a “retail-led speculative asset” towards a “standard institutional asset.”

Summary

Morgan Stanley’s submission of the Solana trust S-1 marks a shift in Wall Street’s attitude towards the crypto market from “wait-and-see” to “systematic allocation.” This not only signifies recognition of the Solana ecosystem but also confirms the maturing process of the entire crypto industry. As traditional finance opens the crypto market through productized solutions for institutions, a structural market transformation has begun. From Bitcoin spot ETFs to Solana trust products, the toolchain for institutional entry is being perfected, which has profound implications for the long-term development of the crypto market.