Morgan Stanley expands crypto lineup with Ether, Solana ETPs
Summary
Morgan Stanley Investment Management has expanded its crypto lineup beyond Bitcoin by launching 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, charge a 0.14% expense ratio, and plan to stake part of their holdings so investors receive the staking rewards. Morgan Stanley said it will not keep any of those rewards. The launch comes shortly after the firm added spot crypto trading for eligible E*TRADE clients, allowing Bitcoin, Ether, and Solana trading through Zero Hash. It follows the April debut of Morgan Stanley’s Bitcoin Trust, which had over $381 million in assets under management as of July 16.
