Morgan Stanley Files Ethereum Trust Amid Accelerating Wall Street Crypto Expansion

Source: CoinEdition Original Title: Morgan Stanley Files Ethereum Trust as Crypto ETF Push Gathers Speed Original Link:

Morgan Stanley’s Ethereum Trust Filing

Morgan Stanley has filed an S-1 registration statement with the US Securities and Exchange Commission for an Ethereum Trust, marking a significant expansion of its crypto product offerings. This filing came just one day after submissions for Bitcoin and Solana investment products, with three crypto ETF-related filings completed within roughly 24 hours.

The Ethereum Trust will hold Ether directly while tracking its market price. Notably, the fund structure allows it to earn staking rewards on a portion of its holdings. However, unlike other Ethereum ETF products, these staking rewards will be reflected through the trust’s net asset value rather than paid directly to investors.

Institutional Confidence Signals

The filing indicates Morgan Stanley’s intention to offer in-kind creations and redemptions for the Ethereum Trust. Reports suggest the bank has already removed internal restrictions on crypto exposure for wealth management clients and plans to make its Bitcoin, Ethereum, and Solana products available once regulatory approval is granted.

This move represents a watershed moment for traditional finance’s embrace of digital assets, positioning crypto as a core investment category alongside conventional holdings.

Ethereum Price Action and Technical Analysis

Ether has experienced recent volatility, trading near $3,165 after a daily decline of approximately three percent. However, weekly performance remained positive, supported by renewed technical strength.

Technical analysts noted that Ethereum broke above its 21-day moving average and defended it as support, creating a consolidation structure similar to Bitcoin’s recent pattern. Maintaining this level could signal a sustained uptrend for the first time in months, with major resistance zones identified near $3,800.

Following six consecutive daily gains, Ethereum posted its first red candle, though analysts noted this pullback cleared late bullish positions without damaging the broader structure. Holding above the $3,200 support level remains critical for maintaining upward momentum.