Morgan Stanley Brings Cheapest Ethereum and Solana ETFs to Market
Morgan Stanley is expanding its ETF offerings with the launch of two new funds that track the prices of Ethereum and Solana. The firm's Ethereum Trust will allow investors to gain exposure to Ether while potentially earning staking rewards on a portion of the ETH held by the fund.
The Morgan Stanley Solana ETF, on the other hand, aims to mimic Solana's performance by tracking the CoinDesk Solana Benchmark settlement rate. It will invest directly in SOL, offering investors direct exposure to the asset without holding it themselves.
According to recent filings from the firm, both ETFs are set to launch today with a 0.14% fee each, making them the cheapest ETFs to ever list in both markets. The Ethereum Trust and Solana Fund will enter the market with 50,000 shares outstanding and initial assets of just over $1 million each.