Wall Street folks, they say "risk assets" every day with their mouths, but their actions are very honest.

This time even Morgan Stanley has started paving the way for Solana, with the spot ETF revision document already submitted, and the code has been finalized in advance: MSOL.
To put it simply, it's no longer just the crypto circle shouting "Solana ecosystem is bullish," but traditional finance is also seriously studying how to legally and compliantly move money in.
Many still see SOL as a high-beta clone, but if the ETF gets approved later, the significance might be more than just price fluctuations.
Institutional funds have a formal entry point, compliance narratives continue to strengthen, Wall Street is starting to participate in pricing, and Solana is gradually moving from a "star in the chain circle" to a "mainstream asset."
Of course, submitting an ETF doesn't guarantee approval; short-term volatility may still occur.
But that's often how the market is—what really matters is not how much it rises in a day, but that more and more large institutions are willing to sit at this table.