Another heavyweight player from Wall Street has entered the scene. Morgan Stanley, which manages assets totaling up to $1.8 trillion, recently submitted an application to the U.S. Securities and Exchange Commission for a spot Ethereum ETF.

This is already their third move in a short period—after applications for Bitcoin and Solana ETFs, and now Ethereum. The pace of traditional finance's deployment into crypto assets is indeed accelerating. The logic behind this is clear: institutional investors' recognition of this market is increasing, and the level of institutionalization is also advancing.

Interestingly, there is an innovative point worth noting in this application: the ETF plans to generate additional yields by staking some ETH. This means investors can participate not only in the price fluctuations of Ethereum but also earn staking rewards. This design can significantly enhance the product's attractiveness.

From a market perspective, such policies and institutional actions often serve as catalysts for a crypto rebound. Whether it’s Ethereum or other mainstream cryptocurrencies, these signals are all conveying the same message: the mainstream asset allocation circle is re-evaluating this field.