Morgan Stanley Enters Altcoin ETF Market with Ethereum and Solana Offerings

Morgan Stanley has launched two new exchange-traded funds (ETFs) that track the prices of Ethereum and Solana, entering the altcoin ETF market with fees below those of competing U.S. products.

The Morgan Stanley Ethereum ETF trades on the New York Stock Exchange under the ticker MSSE, while its Solana fund trades under MSOL. Each product charges a 0.14% sponsor fee, making them the lowest-cost spot exchange-traded products currently available for their respective assets.

Morgan Stanley's pricing may also place pressure on existing issuers to reduce expenses as competition for crypto assets under management intensifies.