Morgan Stanley Registers Ethereum Trust with SEC as Spot ETH ETF Market Surpasses $20 Billion

On January 6, Morgan Stanley filed a Form S-1 with the U.S. Securities and Exchange Commission to register the Morgan Stanley Ethereum Trust, laying the groundwork for a regulated vehicle holding ether on behalf of investors. The filing follows the trust’s formation under Delaware law on December 16, 2025, and comes as U.S. spot Ethereum ETFs report $1.72 billion in daily trading volume and $20.06 billion in net assets, intensifying speculation about a future spot ETH ETF from the bank.