Morgan Stanley Expands Crypto Lineup with ETH and SOL ETPs
Morgan Stanley has expanded its cryptocurrency offerings with the launch of two new exchange-traded products (ETPs) tracking Ethereum and Solana, building on its Bitcoin Trust product that has accumulated over $381 million in assets under management.
The ETPs, Morgan Stanley Ethereum Trust (NYSE Arca: MSSE) and Morgan Stanley Solana Trust (NYSE Arca: MSOL), began trading on NYSE Arca on July 28. They seek to track the performance of Ether and Solana using CoinDesk benchmark indices.
Morgan Stanley will stake a portion of its holdings in both funds, passing staking rewards directly to investors, with no retention by the firm itself. The expense ratio for each product is 0.14%.