Morgan Stanley Enters Spot Altcoin ETF Market with Competitive Fees
Morgan Stanley has entered the spot altcoin exchange-traded fund market with two new funds tied to Ethereum (ETH) and Solana (SOL), listed on NYSE Arca under the tickers MSSE and MSOL, respectively.
The new funds offer investors price exposure to either asset without requiring them to hold the tokens directly. Each fund charges a 0.14% annual sponsor fee, which is lower than that of Grayscale's Mini Ethereum Trust (0.15%) and Franklin Templeton's Solana ETF (0.19%).
The staking rewards generated by the funds will be passed through to investors rather than kept by Morgan Stanley.