Morgan Stanley Enters Crypto ETF Market with Low-Fee Ether and Solana Funds

Morgan Stanley has made its entry into the cryptocurrency exchange-traded fund (ETF) market with the launch of two new funds, focusing on Ether and Solana. The firm's Ether ETF and Solana ETF were introduced today, both boasting a low fee rate of 0.14%. This makes them the lowest-fee options in their respective categories.

According to Eric Balchunas, a Bloomberg ETF analyst on X, the Morgan Stanley ETFs have managed to achieve this feat quickly. The Bitcoin ETF offered by Morgan Stanley reached a scale of $400 million within just four months.