Morgan Stanley Expands Crypto Lineup with Low-Cost Ether and Solana ETPs

Morgan Stanley has expanded its regulated crypto lineup beyond Bitcoin with the launch of two spot exchange-traded products (ETPs), MSSE and MSOL. The ETPs are designed to track Ether (ETH) and Solana (SOL), respectively, using established benchmarks from CoinDesk.

The expense ratio for both funds is 0.14%, which is considered a low cost in the industry. Additionally, Morgan Stanley will stake a portion of their holdings, with staking rewards passed through to investors.

Morgan Stanley's Global Head of ETFs, Ally Wallace, said that the addition of these funds reflects 'the natural evolution' of its product suite, aimed at providing simplified access to digital assets through the ETP wrapper.

The launch follows the earlier Morgan Stanley Bitcoin Trust (MSBT) on NYSE Arca and marks a significant expansion of Morgan Stanley's crypto offerings. The firm stated that its ETP suite now exceeds $14 billion in assets under management across 22 products.