Morgan Stanley Launches Low-Fee Ethereum and Solana ETFs
Morgan Stanley has launched two new spot exchange-traded products for Ethereum (MSSE) and Solana (MSOL), each with a low annual fee of 0.14%. The funds began trading on NYSE Arca, opening with $1 million in seed capital across 50,000 shares apiece. Both cryptocurrencies are currently well below their recent peaks—Ether is down 61% from its August 2025 high and Solana (SOL) has fallen 75% since January 2025. The ETFs aim to attract investors by undercutting existing fees, such as Grayscale’s Ethereum product at 0.15%. Morgan Stanley's Bitcoin Trust previously saw strong growth after its launch in April, rising from $34 million to over $381 million within four months. The new funds will stake their assets through third-party providers like Figment and Coinbase Canada but retain no staking rewards. The Ethereum fund plans to stake between 50% and 80% of its holdings while the Solana ETF intends to stake up to 100%. However, Ethereum’s validator activation queue currently takes about 47 days for new ether deposits to start earning rewards. Investors will be watching whether these funds attract significant inflows or face similar outflows as seen in other crypto ETFs this year.
Topics: cryptocurrency ETF Ethereum Morgan Stanley Solana