Morgan Stanley ETFs Secure Approval, Sparking Hopes for Ethereum and Solana Recovery

Morgan Stanley's spot Ethereum and Solana exchange-traded funds (ETFs) have been approved for listing on NYSE Arca, a key development in the growth of cryptocurrency investing.

The two proposed products will trade under the MSOL and MSSE tickers, subject to final launch requirements. The ETFs will carry a management fee of 0.14%, placing them among the lower-cost options available for U.S. investors.

The Ethereum ETF plans to stake between 50% and 80% of its ETH holdings through staking service providers such as Figment, Galaxy Blockchain, and Coinbase Canada. The remaining rewards will stay with the fund rather than being retained by Morgan Stanley Investment Management.

Solana's price has gained about 7% over the past month, despite trading volume showing reduced activity following several positive sessions. A confirmed move above $78 could strengthen the recovery and allow SOL to target the $90 to $95 range.