Morgan Stanley Enters Crypto ETP Franchise with Ether, Solana Offerings

Morgan Stanley Investment Management has launched two new spot exchange-traded products (ETPs) on the NYSE Arca, tracking ether and Solana. The MSSE and MSOL trusts will stake a portion of their holdings, passing rewards to investors.

The staking feature is unique in that Morgan Stanley will not keep any of the rewards for itself, unlike some other ETPs. Both funds charge a 0.14% expense ratio and track the CoinDesk Ether and Solana Benchmark 4PM NY Settlement Rates.

This move deepens Morgan Stanley's presence in the crypto space, which has seen significant growth this year. The firm's ETF and ETP lineup has grown to over $14 billion in assets across 22 products, including the three digital asset trusts launched earlier this year.