Morgan Stanley Enters Spot Crypto Market with Low-Fee Ethereum and Solana ETFs

Morgan Stanley has entered the spot crypto ETF market with two new funds, the Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL), listed on NYSE Arca. The funds have a 0.14% annual expense ratio, the lowest among U.S. Ethereum and Solana ETFs.

The launch marks a significant move into the spot crypto market for Morgan Stanley, which had previously only offered its Bitcoin Trust (MSBT). MSSE and MSOL offer staking rewards to investors, with historically, Ethereum staking generating around 2.8% annually, while Solana staking has delivered between 6% and 8%.

Morgan Stanley passes the full amount of staking rewards directly to investors, unlike some other funds that retain a portion.