Morgan Stanley filed an S-1 filing in the US for Solana Trust
Morgan Stanley files S-1 to track Bitcoin (BTC) and Solana (SOL). The trustee holds the SOL, reflecting the rewards in the NAV. The price of SOL increased by 2.44%, breaking the key Fibonacci resistance.
Morgan Stanley has officially filed a Form S-1 filing with the US Securities and Exchange Commission (SEC) to establish Bitcoin and Solana Trust.
The move highlights the bank's interest in the cryptocurrency sector. It also reflects Morgan Stanley's strategy to offer clients a variety of investment opportunities in digital assets.
The proposed Solana Trust will allow investors to gain indirect exposure to Solana (SOL) without directly holding the cryptocurrency.
Morgan Stanley institutional pressure to Solana
The S-1 filing outlines plans to structure the Solana Trust as a Delaware statutory trust.
Shares in the trust are expected to track SOL's performance against a named price index.
Trust covers its Solana holdings through certain third-party providers.
This retention method allows awards to be reflected in the fund's net asset value (NAV).
Morgan Stanley's involvement reflects regulatory confidence in Solana-based financial products.
It mirrors the adoption trajectory of Bitcoin ETFs, which have seen significant inflows following bank-backed launches.
The trust is passively managed, meaning it holds Solana without active marketing or labor.
A custodial arrangement involves third parties being controlled to protect the investor's assets.
The S-1 filing remains preliminary, with sales permitted after SEC effectiveness.
Investors seeking exposure to Solana through traditional brokerage accounts now have a potential avenue through this trust.
Implications for the crypto market
Such institutional adoption will reduce sales pressure on foreclosed assets.
Already more than 563 million SOL have been installed in the network, which supports price stability.
The bank's bitcoin product is called the Morgan Stanley Bitcoin Trust.
The trust will be similar to a Bitcoin Solana trust, without the use of derivatives or leverage, and will calculate its net assets based on a daily reference price from the major spot exchanges.
The fund follows a passive strategy and does not actively trade bitcoins in response to market conditions.
Specifically, the Morgan Stanley filing follows Bitwise's $16.8 million Solana ETF earnings earlier this week.
It also coincides with the broader altcoin driving trend as bitcoin's dominance declines and investors seek higher beta opportunities.
Regulators' reaction to the VanEck Solana ETF decision in October 2026 will be closely watched.
Market participants see this as a positive sign for Solana's long-term growth and liquidity.
Solana price response
Solana prices responded to these developments with a notable rally.
In the last 24 hours, Solana (SOL) has risen by 2.44% to $138.77, outperforming Bitcoin (BTC) and closely tracking Ethereum (ETH).
The altcoin's trading volume rose 43% to $5.1 billion, the strongest trading activity since December 2025.
Technical analysis SOL has cleared the 23.6% Fibonacci retracement at $138.45 and the 7-day SMA at $130.5.
The MACD histogram has turned positive, confirming bullish momentum, and the RSI-14 is also bullish, although it is nearing overbought territory.
The next resistance is at $151.18, with support at $117.88, in line with the Fibonacci levels.
The market is tracking SOL holding above the $138.45 support level, confirming continued bullish momentum.
Future options expire on January 7, however, adding to the short-term volatility hedge, with $145 million in SOL contracts due to expire.
