Morgan Stanley Investment Management on July 28 launched two new exchange-traded products, the Morgan Stanley Ethereum Trust (NYSE Arca: MSSE) and the Morgan Stanley Solana Trust (NYSE Arca:
Morgan Stanley Investment Management on July 28 launched two new exchange-traded products, the Morgan Stanley Ethereum Trust (NYSE Arca: MSSE) and the Morgan Stanley Solana Trust (NYSE Arca: MSOL), which track the price of ether and SOL, respectively.
The pair follows the Morgan Stanley Bitcoin Trust (MSBT), launched earlier this year as the first crypto ETP from a U.S. bank-affiliated asset manager. MSBT held more than $381 million in assets as of July 16.
With the additions, Morgan Stanley now offers ETPs tied to Bitcoin, Ether and SOL — three of the largest digital assets by market value.
Each product carries an expense ratio of 0.14%. Notably, both MSSE and MSOL intend to stake a portion of their holdings to earn staking rewards, and the firm said it will not keep any part of the rewards for itself.
Related: Explained: What is a crypto ETF?
Staking is no longer novel for a U.S. crypto fund. The first American crypto ETF to pass through staking rewards was the REX-Osprey SOL + Staking ETF (SSK), which launched in July 2025 and has since topped $300 million in assets; an ether version, ESK, followed that September.
What makes Morgan Stanley's move notable is less the mechanic than the messenger — a manager affiliated with a major Wall Street bank building staking into its own products, an activity U.S. regulators grew comfortable with only recently. Staking can lift returns, but the firm flags its risks plainly, including illiquid lockup periods and "slashing" penalties if validators misbehave.
"The addition of MSSE and MSOL reflects the natural evolution of our product suite," said Ally Wallace, global head of ETFs at Morgan Stanley Investment Management, noting the firm's ETF and ETP lineup now exceeds $14 billion in assets across 22 products since its first ETFs in 2023.
The launch underscores how quickly the Wall Street bank is building out crypto access. Morgan Stanley Investment Management oversees roughly $2 trillion in assets as of June 30, 2026, and the new funds arrive just two weeks after E*TRADE from Morgan Stanley completed its rollout of spot bitcoin, ether and SOL trading. The trusts will settle against CoinDesk benchmark rates.
The launches also come at a bruising moment for crypto funds. Spot bitcoin ETFs first opened the floodgates in January 2024, and global crypto ETP assets swelled to roughly $184 billion by the end of 2025. The market has since pulled back sharply, to about $136 billion in May 2026, as U.S. bitcoin ETF holdings slid from around $104 billion to $80 billion during a mid-year redemption streak and ether ETFs held close to $10 billion. Expanding into ether, solana and staking during that drawdown is a bet on long-term adoption rather than short-term momentum.
