2026-01-07 02:21:10

Wall Street's attitude is shifting. Recently, Morgan Stanley submitted ETF applications for Bitcoin and Solana to the U.S. Securities and Exchange Commission, marking the official entry of traditional financial institutions into the crypto asset space, no longer remaining on the sidelines.

What does this reflect? The transition from "crypto assets as risky assets" to "ETF investment tools" is actually the result of a gradually improving regulatory framework. Through structured products like ETFs, institutional investors can participate in the crypto market in a more regulated manner, reducing legal and reputational risks. Bitcoin, as the largest digital asset by market cap, naturally becomes the first choice. Meanwhile, Solana, with its high throughput and DeFi ecosystem, is also gradually gaining institutional recognition.

If these ETFs are ultimately approved, what will happen to the market? The entry barrier for retail investors will be significantly lowered—no need to register on exchanges, just a regular securities account to access crypto assets. More importantly, the influx of institutional funds could change the liquidity structure of the crypto market, which will help improve the overall maturity of the ecosystem.

But reality also needs to be seen clearly. The U.S. SEC's attitude towards crypto ETFs has been inconsistent, and JPMorgan's application was previously rejected. Whether this time can break the deadlock remains uncertain. The high volatility and security risks inherent in the crypto market still exist and won't disappear just because large institutions are involved. Additionally, although Morgan Stanley's move is noteworthy, Goldman Sachs, ARK Capital, and others have long been involved in this space. This is not a first-mover advantage but rather a follow-up action.

In short, this is a signal of the integration between traditional finance and the crypto ecosystem, but a signal itself does not guarantee certain returns. Investors need to maintain rational judgment.

BTC-0,04%

SOL-1,73%

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BlockTalk

· 01-09 23:19

Morgan Stanley's move isn't exactly new; Goldman Sachs and others have been laying the groundwork for a while. It's only now that they're catching up... However, whether the ETF gets approved or not still depends on the SEC's mood—these folks are very unpredictable.

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OffchainWinner

· 01-09 09:18

Morgan Stanley's recent moves seem like a big event, but in reality, it's just following the trend. Goldman Sachs has been doing this for a while, okay? --- ETFs can truly lower the barrier to entry, but the SEC's stance is indeed unpredictable. Don't be too optimistic. --- SOL riding the BTC hype this time is okay, but the DeFi ecosystem is just like that. --- Institutional entry ≠ price increase. You need to think this through; don't get carried away by the narrative. --- Ultimately, it's still about signals. No one can say when the real gains will come. Be rational. --- High volatility and risk can't be eliminated; no matter how many institutions come in, it's still pointless. --- There's real potential for liquidity improvement, but only if the approval actually happens. --- Once again, the same compliance argument. Tired of hearing it. The core issue is whether it can pass the SEC's review. --- Retail investors directly buying ETFs is indeed convenient, saving the hassle of dealing with exchanges and those troubles. --- First-mover advantage? Morgan Stanley has long been out of the top tier.

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MercilessHalal

· 01-09 01:51

Morgan Stanley's recent move is actually just a disguised way for big institutions to buy the dip. Don't be fooled by the word "compliance"... The SEC has always been inconsistent, and it's a real surprise if they actually approve this time.

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MetaMaskVictim

· 01-07 02:43

Morgan Stanley is only now entering the market? Haha, they've been quietly positioning themselves for a while. It's a bit late to start talking about it now. Who doesn't know the SEC's unpredictability? Every time it feels like a Rorschach test. I'm not very optimistic about this approval. Wait, is Solana's throughput really that good? Why do I keep hearing that the network still tends to get congested... Don't be blinded by Wall Street's "entry." When retail investors can truly enter with low barriers, institutions will have already taken their profits. Goldman Sachs and ARK have been here for a while. What's the point of Morgan Stanley jumping on the bandwagon now? It's a latecomer's move. Don't expect any first-mover advantage. Signals are fine, but signals don't equal money, everyone. Be rational.

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ChainMemeDealer

· 01-07 02:43

Morgan Stanley's move is just testing the SEC's bottom line. Anyway, Goldman Sachs is already making moves, so it's not shameful to follow suit. The ones who always make money are Wall Street; we're just here to watch the show. A single statement from the SEC can throw the entire market into chaos, and that's the real risk. Speaking of which, while ETF approval makes it easier for retail investors to make money, you also need to be prepared to get cut. Don't be fooled by the "institutional entry"; improved liquidity doesn't mean you can make money.

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OPsychology

· 01-07 02:42

Morgan Stanley's move... to put it simply, it's still a gamble on the SEC's attitude. If they can criticize, they go all out; if not, we just hold. Anyway, Bitcoin's price isn't going anywhere.

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LowCapGemHunter

· 01-07 02:37

Morgan Stanley's move is good, but don't get too excited too early. The SEC folks are very unpredictable—approve when they say yes, reject when they say no. Goldman Sachs and ARK have already been playing this game; this guy is just following the trend, no real first-mover advantage. It's true that the barrier to entry for ETFs is low, but the volatility risk can't be eliminated. Even with big institutions coming in, it won't change that. The real test is whether they can pass the SEC's scrutiny—that's the key. Let's wait until it's approved; a signal doesn't equal money. Investing still depends on brains.

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MetaNeighbor

· 01-07 02:32

The SEC is probably going to stand us up again... Morgan Stanley's move looks good, but I bet five bucks it will still be uncertain in the end. Institutions are really here... Feels like this time is different, liquidity is definitely going to change. Basically, the big players no longer care about retail investors' money; they want to cut a wave themselves. Don't be brainwashed. The Sol ecosystem is so weak, and they still want an ETF? Truly daring to apply for anything. Let's wait until it's approved, don't overthink it. Previously, JPMorgan was rejected, so why should this time be any different? I remain skeptical. Goldman Sachs has already set the stage; if Morgan is now following, it indicates the market is truly about to rise, otherwise there's no need. It's not a signal issue; you need to understand what kind of chess game Wall Street is playing. Retail investors are still thinking about getting in with low barriers, but the structure has already been set...

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