Morgan Stanley Enters Ethereum, Solana With Staking-Rich ETPs for Institutions
Morgan Stanley has launched two new exchange-traded products (ETPs) that track Ethereum and Solana, offering institutional clients exposure to the two cryptocurrencies along with staking rewards. This move marks a significant expansion of Morgan Stanley's digital asset offerings beyond its existing Bitcoin-focused products.
The ETPs are designed to provide investors with a regulated and yield-generating way to invest in Ethereum and Solana. Staking involves locking tokens to support network operations, earning rewards in return. For Ethereum, the staking yield currently hovers around 3-4% annually, while Solana offers higher variable returns depending on network activity.
Morgan Stanley's structure allows institutional clients to benefit from these rewards without directly managing the technical staking process. This is a key differentiator for the ETPs and could make them more attractive than direct token purchases or non-staking funds, potentially driving additional capital into Ethereum and Solana.