Morgan Stanley Deepens Crypto Strategy, Simultaneously Filing for Bitcoin and Solana ETF Applications

Investment bank Morgan Stanley has officially submitted applications for Bitcoin and Solana exchange-traded funds, marking a new height in this Wall Street giant’s strategic commitment to digital assets. Alongside established issuers like BlackRock, Morgan Stanley plans to hold digital assets through professional custodians to create actively managed products.

According to the application documents, the SOL fund will track the performance of the native digital asset on the Solana blockchain. Notably, the trust mechanism will collaborate with third-party service providers for staking, allowing the rewards generated by SOL to be included in the fund’s net asset value calculation. This innovative design reflects institutional investors’ demand for optimized returns on crypto products.

This move further confirms the development trajectory of cryptocurrencies from the fringe to mainstream. Previously, Morgan Stanley only allowed clients to indirectly invest in existing crypto ETFs; now, transitioning into an active manager role signifies a fundamental shift in traditional financial institutions’ attitude toward digital assets.

**SHIB Briefly Breaks Zero, Concerns Over Sustainability Remain**

Shiba Inu (SHIB) recently experienced a surge, with the price briefly touching the $0.00001 level, temporarily removing one zero from the price. This rally was driven by short-term buying pressure, successfully breaking through the long-term 100-day exponential moving average (EMA) resistance.

This level has served as an important technical barrier for weeks, limiting upward movement and reinforcing the overall downtrend. The breakout initially appeared encouraging, but market reactions revealed the truth—price failed to sustain above, then plunged. Although technically reaching a zero-removal milestone, the lack of sufficient trading volume and buying support prevented a lasting breakout.

This serves as a reminder to investors that there is an essential difference between a single price touch and a genuine structural reversal. SHIB’s brief upward spike did not evolve into a sustained rally, reflecting limited market confidence in this rebound.

**XRP Monthly Rally Remains Strong, Technical Analysts Still Cautious**

Ripple (XRP) has gained approximately 32% since January 1, outperforming many mainstream altcoins. Recently, the coin sharply broke through key resistance levels, rising as much as 5% intraday and challenging the regional high.

However, legendary technical analyst John Bolling cast doubt on this. While acknowledging XRP’s “strong surge,” Bolling warned against mistaking a vertical move for structural strength. In a social media post, he emphasized that from a basic technical perspective, the current market hierarchy remains “BTC > ETH > XRP.”

Bolling’s view points to a key issue: although XRP has recently gained momentum, its fundamental technical structure still shows weaknesses compared to Bitcoin and Ethereum. This reminds traders to remain cautious when chasing hot coins, distinguishing between a rebound and a reversal.

As of real-time data, BTC is at 91.83K, SOL at 140.98, XRP at 2.07 (down 1.10% in 24 hours), with market volatility ongoing.