American multinational investment bank Morgan Stanley has filed for a Solana exchange-traded fund. 

The fund seeks to track the performance of SOL, the native digital asset of the Solana blockchain, as measured by a specific Pricing Benchmark, adjusted for expenses and liabilities.

The Trust will utilize third-party SOL custodians to hold the Trust's SOL. 

The trust will engage in staking to earn rewards, which are expected to accrete to the product's net asset value (NAV). 

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On top of that, Morgan Stanley has also filed for a Bitcoin ETF, joining BlackRock and a slew of other issuers. 

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