Morgan Stanley Launches Ethereum and Solana ETPs with Staking Rewards
Morgan Stanley Investment Management has launched two new exchange-traded products (ETPs) for Ethereum and Solana, expanding its crypto offerings beyond Bitcoin. The Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL), each carrying an expense ratio of 0.14%, aim to track the price of ETH and SOL using CoinDesk's settlement benchmarks at 4 p.m. New York time. Both ETPs will stake a portion of their assets, distributing staking rewards directly to investors without retaining any share for Morgan Stanley itself. This move follows earlier this year’s launch of the Morgan Stanley Bitcoin Trust (MSBT), which has already amassed over $381 million in AUM as of July 16. The ETPs are part of a broader strategy by Morgan Stanley, whose ETF and ETP platform now manages more than $14 billion across 22 products since 2023. The firm is also offering direct crypto trading for ether and SOL through its E*TRADE division.
Topics: crypto Ethereum exchange-traded products (ETPs) Morgan Stanley Solana