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Morgan Stanley Investment Management has launched exchange-traded products tracking Ethereum and Solana, expanding the Wall Street bank\u2019s digital asset lineup beyond Bitcoin.<\/p>\n
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Morgan Stanley Investment Management announced<\/a> the launch of the Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust on Tuesday. The products trade on NYSE Arca under the tickers MSSE and MSOL, respectively.<\/p>\n MSSE seeks to track the performance of Ether, while MSOL follows SOL, the native asset of the Solana network. Both products charge an annual management fee of 0.14%, placing them among the lowest-cost US crypto exchange-traded products.<\/p>\n The launch followed the completion of the funds\u2019 registration and listing process. NYSE Arca approved the products after Morgan Stanley submitted the required filings to the US Securities and Exchange Commission.<\/p>\n Although commonly described as ETFs, Morgan Stanley officially classifies MSSE and MSOL as exchange-traded products. Like spot crypto ETFs, they hold digital assets and allow investors to gain price exposure through traditional brokerage accounts without managing wallets or private keys.<\/p>\n <\/p>\n Both products can stake a portion of their holdings to earn blockchain rewards. Staking involves committing tokens to help validate transactions and secure a proof-of-stake network.<\/p>\n Regulatory filings show that MSSE plans to stake between 50% and 80% of its Ether. MSOL may stake up to 100% of its Solana holdings. Figment, Galaxy\u2019s blockchain infrastructure business, and Coinbase Canada are listed among the staking providers.<\/p>\n Service providers and custodians will retain up to 5% of the staking rewards, with the remaining rewards allocated to the funds. However, returns will still depend largely on ETH and SOL price movements, while staking introduces additional operational, liquidity, and network risks.<\/p>\n Morgan Stanley\u2019s entry could increase fee pressure across the US crypto fund market. Its 0.14% charge is below the management fees attached to many competing Ethereum and Solana products, although investors must also consider tracking differences and how each issuer distributes staking income.<\/p>\n MSSE and MSOL are the first Ethereum and Solana exchange-traded products issued by an asset manager affiliated with a US bank. Their arrival gives US investors another regulated route to gain crypto exposure through taxable brokerage and eligible investment accounts.<\/p>\n Morgan Stanley entered the market earlier this year with the Morgan Stanley Bitcoin Trust, which trades under the MSBT ticker. The Bitcoin product held about $392 million in net assets as of July 24, according to the asset manager\u2019s product page<\/a>.<\/p>\n The bank has also expanded direct crypto access through E*TRADE, allowing customers to buy and sell Bitcoin, Ethereum, and Solana through accounts linked to crypto infrastructure provider Zerohash. Morgan Stanley has separately applied to establish a national trust bank focused on digital assets.<\/p>\n Its role in institutional crypto markets also extends beyond its own products. LMAX Group recently appointed Morgan Stanley and KBW to examine a potential sale or public listing that could value the trading company at up to $5 billion. LMAX is considering a direct sale, a special purpose acquisition company merger, or an initial public offering, with a Nasdaq listing reportedly its preferred route.<\/p>\nStaking adds another source of returns<\/h2>\n
US investors gain bank-backed crypto access<\/h2>\n
Crypto ETF flows remain uneven<\/h2>\n