Cryptocurrencies: Morgan Stanley Could Launch an Ethereum Staking ETF!
Morgan Stanley is strengthening its presence in the cryptocurrency market. The U.S. bank has filed a form with the SEC to create a spot Ethereum ETF that includes a staking component. This is a first at this institutional level and comes at a time when market interest in cryptocurrency products is intensifying.
In brief
Morgan Stanley filed an S-1 form with the SEC to launch a spot Ethereum ETF with a staking component.
This fund, called Morgan Stanley Ethereum Trust, would be the first institutional ETF to integrate ETH staking.
The fund aims to hold ether without speculative sales, relying on external providers to generate passive returns.
This strategic move could pave the way for a new generation of ETFs incorporating cryptocurrency return mechanisms.
An Ethereum ETF with staking: Morgan Stanley clarifies its strategy
On Tuesday, January 6, Morgan Stanley officially filed an S-1 form with the SEC to launch an indexed fund called Morgan Stanley Ethereum Trust, designed to "buy, hold, and track the spot price of Ether," as staking for this cryptocurrency gains momentum.
This deposit marks a significant step in the bank's engagement with cryptocurrencies. According to the document, the fund will not seek to sell ethers speculatively to generate additional profitability, but instead plans to leverage staking through external staking service providers to generate additional passive income. The exact volume of assets allocated to staking has not yet been specified.
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