Morgan Stanley Enters Ethereum and Solana Staking Market with New ETFs
Morgan Stanley has entered the Ethereum and Solana staking market with two new exchange-traded funds (ETFs) that allow investors to stake a portion of their underlying assets in return for rewards.
The Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust began trading on NYSE Arca under the MSSE and MSOL tickers, respectively. Both products carry an annual expense ratio of 0.14% and provide direct exposure to Ether and Solana.
Morgan Stanley will distribute 95% of net staking rewards to shareholders, with the remaining 5% going towards staking-related service costs.