Solana Price Sees Boost as Morgan Stanley Launches MSOL ETP
The Solana (SOL) price is gaining momentum as institutional adoption and on-chain activity converge. Morgan Stanley has launched the MSOL exchange-traded product (ETP) on NYSE Arca, which attracted $381 million within months of its first crypto ETP. The MSOL product incorporates staking, allowing investors to receive staking rewards while holding the ETP.
Solana's growing institutional footprint is evident with this latest listing, marking another step in its expansion. Meanwhile, Strategy's ($MSTR) exposure has become available on Solana through Sunrise, issued by Backpack Securities, expanding tokenized financial products within the network.
Decentralized trading activity on Solana continues to gain momentum, surpassing Bybit, Coinbase, and Kraken in weekly DEX spot trading volume for the fourth consecutive week. According to SolanaFloor, this achievement suggests decentralized trading activity on Solana is gaining traction despite broader market uncertainty.