Morgan Stanley has filed for the Morgan Stanley Solana ETF Trust, signaling growing institutional interest in Solana (SOL) as altcoins rally. The move contrasts with Morgan Stanley’s apparent lack of interest in an Ethereum ETF, underscoring the competition between SOL and ETH.
Ethereum continues to attract larger capital inflows, while Solana’s on-chain metrics improve, with TVL rising about 9% this week. The SOL-ETH ratio has rebounded, signaling renewed momentum for Solana’s market position.
Investors are watching how ETF filings translate into real flows and whether SOL can convert institutional interest into sustained outperformance. If ETF approvals materialize, SOL could see intensified coverage by asset managers and further inflows. In the near term, the Solana-ETH competition remains a focal point for capital allocation in crypto.
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