Morgan Stanley Introduces Ethereum and Solana ETPs to Digital Asset Portfolio

Morgan Stanley Introduces Ethereum and Solana ETPs to Digital Asset Portfolio

Morgan Stanley Investment Management has unveiled exchange-traded products for Ethereum and Solana that include staking features, broadening its digital currency investment offerings beyond its initial Bitcoin product.

Morgan Stanley Investment Management has unveiled exchange-traded products for Ethereum and Solana, broadening its cryptocurrency fund offerings beyond its initial Bitcoin product.

The newly introduced Morgan Stanley Ethereum Trust (NYSE Arca: MSSE) alongside the Morgan Stanley Solana Trust (NYSE Arca: MSOL) are designed to track the price performance of Ether (ETH) and Solana (SOL), respectively, utilizing the CoinDesk Ether Benchmark 4PM NY Settlement Rate and CoinDesk Solana Benchmark 4PM NY Settlement Rate as their pricing mechanisms.

Each of these funds features a 0.14% expense ratio and plans to stake a percentage of their cryptocurrency holdings, with the staking rewards being distributed directly to investors. Morgan Stanley confirmed that it will not keep any portion of the staking rewards generated by either fund.

This product launch comes on the heels of Morgan Stanley's introduction of spot cryptocurrency trading capabilities on its E*TRADE platform earlier this month, which enables qualified clients to purchase, sell and hold Bitcoin, Ether and Solana via a partnership with crypto infrastructure provider Zero Hash.

In April, Morgan Stanley launched the Morgan Stanley Bitcoin Trust (NYSE Arca: MSBT), establishing itself as the first major US commercial bank to offer a spot Bitcoin ETF. The fund had more than $381 million in assets under management as of July 16, according to the company.