The investment banking giant is seeking to capture additional yield from the proposed ETF’s Ether holdings via staking, as institutional investors launch more regulated crypto funds.
Morgan Stanley has filed with the US Securities and Exchange Commission (SEC) to launch a spot Ether exchange-traded fund (ETF), adding to a growing list of crypto products from the investment banking giant.
The US investment bank filed an S-1 form to establish the Morgan Stanley Ethereum Trust, an ETF that seeks to buy, hold and track the price of spot Ether (ETH), according to a Tuesday filing with the SEC.
The filing states that the fund will not seek to “speculatively sell” Ether to realize additional returns, but it plans to engage third-party staking services providers to stake an undisclosed amount of their holdings for additional passive yield.
