Morgan Stanley Brings Spot Ethereum and Solana Products to Market Morgan Stanley Investment Management has officially launched two spot crypto exchange-traded products on NYSE Arca: the Ether
Morgan Stanley Investment Management has officially launched two spot crypto exchange-traded products on NYSE Arca: the Ethereum Trust (MSSE) and the Solana Trust (MSOL). The two funds went live on July 28, providing investors with spot price exposure to $ETH and $SOL directly through an exchange-listed vehicle.
Both trusts offer exposure to the spot price of their underlying assets, alongside additional distributions from staking yields, and come to market with expense ratios of 14 basis points (0.14%).That fee represents the lowest disclosed rate in each respective market.
MSSE intends to stake between 50% and 80% of its underlying ETH, targeting a base network reward rate of around 1.7%, while MSOL plans to stake 100% of its SOL holdings, given Solana's higher network reward rate of approximately 3.4%.In both cases, 95% of those network rewards are distributed back to shareholders.
The expansion into $ETH and $SOL follows the performance of the Morgan Stanley Bitcoin Trust (MSBT), which has maintained strong inflows even as many spot Bitcoin ETFs faced cooling demand and net outflows, adding $430.86 million in new assets since its April inception.
Each trust passively tracks the spot price of its respective asset using the CoinDesk benchmark rate settled at 4pm New York time, and does not use leverage, derivatives, or speculative trading techniques.The Bank of New York Mellon and Coinbase Custody serve as custodians for the Ethereum product.For the Solana Trust, staking is conducted through Figment, Galaxy Blockchain, and Coinbase Canada.
MSSE and MSOL are positioned to leverage Morgan Stanley's wealth advisor network and direct-to-consumer retail channel to drive fee-based inflows rather than relying solely on market sentiment. The launches mark a significant step in Wall Street's continued push into regulated digital asset products.
Sources:ETF Trends: Morgan Stanley Launches New Spot Crypto ETFsCoinPaprika: Morgan Stanley Targets ETH and SOL ETF Lead With 0.14% FeesCryptoRank: Morgan Stanley Advances Ethereum and Solana ETF Plans With Updated SEC Filings
