Regulatory Watch | U.S. Senate Revisits Crypto Market Structure Bill English

U.S. senators have resumed negotiations on a long-awaited crypto market structure bill, aiming to clarify how digital assets are regulated across spot markets, intermediaries, and DeFi-related activities.If passed, clearer U.S. rules could influence global crypto markets.

Key Insight:

In the near term, renewed legislative discussions help reduce regulatory uncertainty and stabilize market expectations.

Over the longer term, a clearer market structure could accelerate institutional participation, encourage capital inflows into compliant platforms, and set a structural benchmark for how major crypto markets evolve beyond speculative growth toward regulated adoption.

Institutional | Morgan Stanley Files for Bitcoin and Solana ETFs

Morgan Stanley has officially filed registration statements with the U.S. Securities and Exchange Commission (SEC) for two new exchange‑traded funds (ETFs) linked to the prices of Bitcoin and Solana, marking a significant step by the Wall Street bank into the cryptocurrency space. The filings, submitted on January 6, 2026, propose the Morgan Stanley Bitcoin Trust and the Morgan Stanley Solana Trust as spot ETFs that would directly hold the underlying assets instead of derivatives.

Key Insight:

Morgan Stanley’s ETF filings are significant for several reasons. First, they mark one of the earliest moves by a major U.S. bank to file its own crypto ETF products, transitioning from merely facilitating client access to digital assets toward proposing regulated investment products backed by actual cryptocurrencies. 

This could broaden institutional access to crypto and potentially channel substantial new capital into Bitcoin and Solana from the bank’s large wealth‑management client base. Moreover, offering spot ETFs (as opposed to futures or derivative‑based funds) reflects growing confidence in and regulatory acceptance of direct crypto exposure. 

However, approval and actual market impact remain contingent on regulatory review and investor uptake.