Morgan Stanley has submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC) to establish Bitcoin and Solana trusts, providing clients with an opportunity to indirectly invest in these assets. The passively managed Solana trust will pledge part of its holdings, with the returns reflected in its net asset value. After the announcement, the price of SOL rose 2.44% to $138.77, breaking through a key technical resistance level.
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Morgan Stanley has submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC) to establish Bitcoin and Solana trusts, providing clients with an opportunity to indirectly invest in these assets. The passively managed Solana trust will pledge part of its holdings, with the returns reflected in its net asset value. After the announcement, the price of SOL rose 2.44% to $138.77, breaking through a key technical resistance level.