Bitcoin Price Decline as Morgan Stanley Files S-1 for BTC and Solana Trusts

Bitcoin slips 0.87% as it consolidates after a rally, while Morgan Stanley files S-1 forms for Bitcoin and Solana trusts, signaling ongoing institutional ETF activity.

Rich by Coin

2026-01-08

As of 8:00 AM on the 8th, Bitcoin on Bithumb traded at 132,830,000 won, down 0.87% from 24 hours earlier. After a strong start to the year, it briefly surpassed 137,000,000 won but is now entering a short-term pullback. In U.S. dollar terms, the price hovered around $90,000.

Altcoins followed Bitcoin lower, with Ethereum down 1.40%, Ripple down 3.39%, and Solana down 1.39% as the broader market cools. The kimchi premium for Bitcoin stood at 0.58%. The fear-and-greed index registered 42, signaling fear in the market.

Morgan Stanley recently filed Form S-1 with the SEC for the Morgan Stanley Bitcoin Trust and the Morgan Stanley Solana Trust, adding a regulatory and institutional ETF dimension to the news. CoinDesk reported that ETF launches by large Wall Street institutions have yet to deliver meaningful upside for the market. The article thus covers both the overall market trajectory and the latest ETF-related developments shaping institutional participation.