Morgan Stanley Enters Solana and Ethereum ETP Market with Low-Fee Funds

Morgan Stanley Investment Management is expanding its digital asset portfolio with two new crypto exchange-traded products (ETPs) tied to Solana and Ethereum. These funds, which follow the success of Morgan Stanley's Bitcoin investment product, offer low fees and staking rewards for investors.

The ETPs will charge a 0.14% expense ratio, making them an attractive option for those seeking exposure to these cryptocurrencies without managing private keys or crypto wallets. The Solana ETP can stake up to 100% of its holdings, while the Ethereum ETP is expected to stake between 50% to 80%.

Morgan Stanley's entry into the Solana market is significant, given the asset's high-speed and low-cost blockchain. Despite a year-to-date decline of over 40%, institutional interest in Solana remains strong, with investment funds holding more than $1 billion in combined net assets.