Morgan Stanley is using $7.4 trillion in client assets and rock-bottom fees to hijack Wall Street’s crypto boom
Morgan Stanley’s new Ethereum and Solana ETPs debuted with about $38 million in combined first-day trading volume, giving the firm an immediate foothold in two markets led by earlier issuers. MSSE, the Ethereum trust, saw 933,715 shares traded, $5.15 million in net inflows, and represented more than a third of all US ETH fund inflows that day. MSOL, the Solana trust, traded 951,216 shares but had no net creations as the broader Solana fund group saw outflows. Both products charge a 0.14% sponsor fee and do not take a direct cut of staking rewards, making them cheaper than many rivals. MSSE plans to stake 50% to 80% of ETH, while MSOL aims to stake up to 100% of SOL. Both will distribute net staking rewards in cash. Morgan Stanley enters with a large wealth-management distribution network, but must still compete against incumbents with much larger asset bases.
