## Wall Street Giants Increase Cryptocurrency ETF Deployments, Mainstream Assets Reach New Milestones

Morgan Stanley's cryptocurrency ETF application marks a significant shift in traditional financial institutions' attitude toward digital assets. The global top-tier investment bank has not only submitted an application for a Bitcoin ETF but also plans to launch a Solana ETF product, alongside asset management giants like BlackRock, entering this rapidly growing market.

### Morgan Stanley Accelerates Entry into the Crypto Sector

This move indicates that Morgan Stanley is shifting from a passive investment approach to an active management role. Previously, the bank only allowed clients to invest in crypto ETFs issued by other providers. Now, with a direct application for a self-managed cryptocurrency ETF, it signifies a strategic upgrade.

**Regarding Bitcoin ETFs**, the fund will target Bitcoin as the underlying asset, measuring performance based on a specific pricing benchmark. According to the latest market data, Bitcoin (BTC) is currently at $91.92K, with a 24-hour increase of +1.60%.

**Regarding Solana ETFs**, the fund will track the performance of SOL and hold trust assets through a third-party custodian. Notably, Morgan Stanley plans to collaborate with third parties to stake SOL, with staking yields accumulated into the fund’s net asset value (NAV). Currently, Solana (SOL) is priced at $141.41, with a 24-hour increase of +1.61%.

### Altcoin Drama Unfolds

Meanwhile, Shiba Inu (SHIB) experienced a brief but shocking technical breakthrough. Driven by a sudden surge in buying pressure, SHIB successfully broke through the 100-day exponential moving average (EMA)—a key resistance level that had constrained upward movement for several weeks.

This rally briefly pushed SHIB to the $0.00001 level, achieving the long-awaited “zeroing out” milestone technically. However, the market quickly reversed, and this breakout was not sustained. Although this price level was technically reached, the lack of sufficient support suggests that a sustainable breakout is unlikely, reflecting limited market confidence in this trend.

### XRP’s Rally and Underlying Technical Concerns

Ripple (XRP) has performed remarkably since January, rising about 32% from the start of the month, currently at $2.07, with a 24-hour increase of +0.24%. The mainstream altcoin recently broke through a key resistance level, rising 5% at one point and hitting a new high for the range.

However, renowned technical analyst John Bolling issued a cautious signal in his latest social media commentary. He warned traders not to mistake a vertical move for structural strength. Bolling pointed out that, despite XRP’s “strong surge,” its basic technical pattern remains fragile compared to Bitcoin and Ethereum. The current market hierarchy remains “BTC > ETH > XRP.”

This suggests investors should be cautious of underlying technical weaknesses when chasing gains; short-term rallies do not imply a reversal of the medium-term trend. As institutional investors like Morgan Stanley deepen their crypto ETF deployments, the market structure will face a new round of valuation reassessment.