Morgan Stanley expands crypto lineup with Ether, Solana ETPs
Morgan Stanley Investment Management has expanded its crypto lineup beyond Bitcoin with two new exchange-traded products: the Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL). The funds aim to track Ether and Solana using CoinDesk benchmark rates and each charges a 0.14% expense ratio. Both plans include staking a portion of holdings, with staking rewards passed fully to investors; Morgan Stanley will not keep any of those rewards. The launch comes shortly after Morgan Stanley added spot crypto trading to E*TRADE for eligible clients, allowing Bitcoin, Ether, and Solana trading through Zero Hash. In April, Morgan Stanley also launched the Morgan Stanley Bitcoin Trust, which had over $381 million in assets under management as of July 16.
