Morgan Stanley, one of the world's largest investment banks, has filed an application with the SEC to launch a spot Bitcoin ETF, marking another milestone in mainstream financial institutions' embrace of cryptocurrency. The filing reportedly involves assets under consideration worth approximately $1.3 trillion from the institution's operations. This move reflects the growing recognition of Bitcoin as a legitimate asset class among traditional Wall Street players. The spot Bitcoin ETF approval would allow Morgan Stanley clients direct exposure to Bitcoin price movements without requiring them to hold the cryptocurrency directly. This development follows similar moves from other major financial players and signals accelerating institutional adoption in the digital asset space.