Morgan Stanley Eyes Tokenized Funds After Bitcoin ETF Debut

Morgan Stanley has also filed applications for ETFs tied to Ethereum and Solana, extending its digital product lineup beyond Bitcoin.

Bitcoin News

Morgan Stanley launched its spot Bitcoin exchange-traded fund last week, but the bank is already planning its next moves in digital assets. Amy Oldenburg, the firm's head of digital-asset strategy, said the launch is a starting point rather than a destination. "We're not going to stop at just Bitcoin," she told media this week. "It's really about the longer-term journey, and there's quite a long way to go."

The newly listed ETF pulled in roughly $46 million in net inflows during its first days of trading, according to Farside Investors. Morgan Stanley has also filed applications for ETFs tied to

and

, extending its digital product lineup beyond

. The bank manages $9.3 trillion in client assets, giving it a large base from which to distribute new products.

Oldenburg identified a tokenized money-market fund as "definitely a path forward" for the firm's product roadmap. Such funds issue yield-bearing tokens backed by short-term government securities. Franklin Templeton pioneered that model in 2021, but BlackRock's BUIDL product has since grown to $2.3 billion and taken the lead. Fidelity's Digital Interest Token holds roughly $172 million in total value.