- Morgan Stanley launched ether and solana exchange-traded products on NYSE Arca.
- Both funds charge a 0.14% expense ratio and plan to distribute staking rewards.
- The expansion follows the firm’s bitcoin trust, which surpassed $381 million in assets.
Morgan Stanley crypto offerings expanded again as the firm introduced exchange-traded products tied to ether and solana only a few months after launching its spot bitcoin fund. The Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust are expected to trade on NYSE Arca, allowing investors to gain exposure to ETH and SOL without directly purchasing, storing, or managing the tokens. The products arrive as major financial institutions continue expanding their digital asset services in response to client interest. Morgan Stanley crypto products may attract attention because of their relatively low fees, planned staking features, recognized benchmark rates, and potential availability through the firm’s extensive wealth management network and E*TRADE platform.
Morgan Stanley crypto expands into ether and solana
Morgan Stanley said the Morgan Stanley Ethereum Trust, trading under the ticker MSSE, and the Morgan Stanley Solana Trust, trading under MSOL, will begin trading on NYSE Arca. The funds will track the CoinDesk Ether Benchmark 4PM NY Settlement Rate and the CoinDesk Solana Benchmark 4PM NY Settlement Rate, respectively, providing established reference prices for calculating their performance.
The structure is designed to give investors exposure to ether and solana without requiring them to hold private keys, manage crypto wallets, or arrange direct custody of the underlying assets. This Morgan Stanley crypto expansion follows the firm’s earlier move into spot bitcoin products and extends its digital asset lineup beyond a strategy focused on a single cryptocurrency.
Morgan Stanley crypto fees and staking structure
Both exchange-traded products carry a 0.14% expense ratio, which Morgan Stanley described as the lowest fee available in their respective market categories. Competitive pricing could help the funds attract investors as established asset managers and newer issuers compete for demand in the growing market for publicly traded cryptocurrency investment products.
The funds also plan to stake a portion of their ether or SOL holdings, allowing the underlying assets to participate in their respective proof-of-stake networks. Morgan Stanley expects any resulting staking rewards to be passed through to investors rather than retained by the company, introducing a potential yield component while keeping each product linked to its designated CoinDesk benchmark rate.
Morgan Stanley crypto strategy follows bitcoin fund growth
The two new products build on the Morgan Stanley Bitcoin Trust, known as MSBT, which launched earlier this year as the firm’s first spot cryptocurrency exchange-traded product. Through July 16, the bitcoin fund had accumulated more than $381 million in assets under management while tracking the CoinDesk Bitcoin Benchmark Rate, demonstrating early investor interest in the firm’s digital asset strategy.
The Morgan Stanley crypto rollout also reflects a wider shift across the investment management industry. Since spot bitcoin exchange-traded funds began trading in the United States in January 2024, issuers have steadily expanded their offerings to cover additional digital assets. Ether products are now established in the market, while solana has become an increasingly competitive category. SoSoValue lists eight SOL exchange-traded funds with combined net assets of approximately $889.3 million.
Distribution reach supports investor demand
Amy Oldenburg, head of digital asset strategy at Morgan Stanley, said digital assets are becoming a more important part of diversified investment portfolios. She noted that client interest continues to grow and that the firm is focused on developing products that offer exposure across traditional and decentralized asset classes while meeting Morgan Stanley’s standards for governance, infrastructure, and risk management.
Morgan Stanley also enters the ether and solana product segment with a significant distribution advantage. Its wealth management division includes approximately 16,000 financial advisers overseeing more than $9 trillion in client assets. The firm’s ownership of E*TRADE provides additional access to millions of self-directed investors, potentially helping the new products reach both adviser-managed clients and individuals who make their own investment decisions.
Conclusion
Morgan Stanley crypto products now include exchange-traded offerings tied to ether and solana, broadening the firm’s digital asset lineup following the early growth of its bitcoin trust. The new funds will trade on NYSE Arca, track recognized CoinDesk benchmark rates, charge a 0.14% expense ratio, and distribute planned staking rewards to investors. Their introduction reflects the continued expansion of regulated crypto investment products as major asset managers respond to demand for exposure beyond bitcoin. With an established advisory network, trillions of dollars in client assets, and access to self-directed investors through E*TRADE, Morgan Stanley enters the growing ether and solana market with considerable distribution scale.
Disclaimer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from any company.
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