Two major financial institutions are pushing further into crypto investment products. Morgan Stanley has filed for a low-fee Solana exchange-traded fund, while Japan's SBI Group has launched a tokenized fund. Meanwhile, prediction market data shows a 9% probability that Solana's price will reach $90 by July 2026.
A low-fee Solana ETF proposal
Morgan Stanley submitted the filing to the U.S. Securities and Exchange Commission this week. The proposed ETF would track Solana and charge a management fee that the bank describes as competitive. No specific fee percentage was disclosed in the filing. The product would offer institutional and retail investors exposure to Solana without directly holding the cryptocurrency.
The move marks another step by a major Wall Street bank into digital asset ETFs. Morgan Stanley already offers Bitcoin and Ethereum funds to clients. The Solana filing, however, is the first for that asset class from a traditional bank of this size.
Tokenized fund in Japan
Separately, SBI launched a tokenized investment fund in Japan. The fund uses blockchain technology to represent shares in a traditional asset pool. SBI said the structure allows for faster settlement and lower costs compared to conventional funds. It did not disclose the exact assets held in the fund, but described it as a fixed-income product.
Japan's financial regulator approved the fund under existing securities laws. The launch is part of a broader push by SBI to integrate blockchain into mainstream finance. The firm already operates a crypto exchange and has invested in several blockchain startups.
What the prediction market says
On Polymarket, a popular prediction market platform, traders are betting on Solana's price targets. The contract asking whether Solana will hit $90 by July 2026 currently shows a 9% chance. That implies a low expectation of a significant rally over the next two years. The price of Solana has been volatile, recently trading around $30.
Prediction markets aggregate anonymous bets, and their odds can shift quickly with new information. The Morgan Stanley filing could increase optimism, but the 9% figure suggests traders remain cautious about Solana's near-term upside.
Regulatory scrutiny of the ETF filing will determine the next major catalyst. The SEC has not set a deadline for its decision. The SBI tokenized fund is already operational. Prediction market odds will likely adjust as more details emerge about both products.
