Morgan Stanley Launches Ethereum and Solana ETPs as Part of Expanded Crypto Strategy
Morgan Stanley Investment Management has launched two new exchange-traded products (ETPs) for Ethereum and Solana, expanding its digital asset offerings beyond Bitcoin. The Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL), both listed on NYSE Arca, will track the respective cryptocurrency prices while generating staking rewards for investors at a 0.14% expense ratio. This move follows the firm's April launch of its spot Bitcoin Trust, which has already attracted over $381 million in assets under management as of July 16. The ETP platform now manages more than $14 billion across 22 products. Morgan Stanley is also exploring tokenized money market funds and blockchain-based strategies through subsidiaries like Parametric. The firm's Global Head of ETFs, Ally Wallace, emphasized the strategic evolution toward providing simplified access to digital assets via ETPs. In July, eligible E*TRADE customers were given the ability to trade Bitcoin, Ethereum, and Solana directly.
Topics: crypto digital assets ETP launch Morgan Stanley