Guavy AI Editorial TeamSentiment: 2.8Clout: 82

Solana Gains Institutional traction as Morgan Stanley Files Trust

Morgan Stanley's filing of a standalone Solana trust is the latest development in the growing institutional adoption of the cryptocurrency. The move follows similar announcements from Bitwise and Fidelity, bringing the combined assets under management (AUM) for these wrappers above $1 billion.

Solana's price has been steadily increasing, with some analysts predicting it could reach as high as $336. However, holders of the cryptocurrency are still limited to earning network staking yield, which is eroded by 4.7% net inflation.

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