Morgan Stanley Launches New Crypto Funds for Ethereum and Solana
On July 28, Morgan Stanley Investment Management introduced two new exchange-traded products (ETPs): the Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL). These funds track ether and SOL prices respectively. Both ETPs feature an expense ratio of 0.14% and plan to stake a portion of their holdings, with staking rewards passed directly to investors. This follows earlier this year's launch of the Morgan Stanley Bitcoin Trust (MSBT), which had over $381 million in assets as of July 16. The new funds expand Morgan Stanley’s crypto offerings into three major digital assets by market value and reflect a broader trend among U.S.-based asset managers integrating staking mechanisms, such as REX-Osprey's SSK fund. The move highlights the bank's rapid expansion in cryptocurrency access, with E*TRADE from Morgan Stanley recently rolling out spot trading for Bitcoin, Ethereum, and Solana. Despite a recent drawdown in crypto ETF assets, these new products signal confidence in long-term adoption rather than short-term momentum.