Morgan Stanley's move is quite aggressive—becoming the first major US bank to apply for spot Bitcoin and Solana ETFs, directly pressuring the SEC. How significant is this? Looking back at history, no top-tier bank has ever stepped into this game before; fund giants like BlackRock and Valkyrie have been leading the charge solo.

Why is this news causing such a stir? Simply put, it's about money. If the ETF gets approved, ordinary investors will be able to buy BTC and SOL just like stocks. This isn't about small retail investors; it's about genuine institutional capital entering the market. The scale of funds involved is entirely different. Logically, if the SEC gives the green light, Bitcoin and Solana could see a wave of institutional inflows. But the key word is "if"—when will the SEC be kind enough? Last year, ProShares' Bitcoin ETF application was outright rejected, and there's been no news since.

Looking at the reality, there are risks: First, no one can predict the SEC's stance; they've been very selective with crypto ETFs. Second, even if approved, the market might only experience a short-term hype before settling down—while the crypto market is hot, its size is still small compared to traditional finance. Third, the hype itself can be dangerous—don't get carried away by emotions. You need to see if genuine funds are flowing in, or it could turn into a rollercoaster—remember the last time BTC surged then fell back?

From another perspective, if this really happens, it's like Wall Street bigwigs suddenly deciding to play "fusion cuisine"—mixing traditional finance with crypto. Soon, even grandma might be able to buy Bitcoin directly through her brokerage app. But don't forget: investing involves risks, and caution is essential. It's easy to get excited by the news, but think carefully before actually entering the market.