Morgan Stanley Expands Crypto Offerings as MemeToro Enters Public Development
Morgan Stanley has expanded its cryptocurrency offerings beyond Bitcoin by launching trusts for Ethereum and Solana. The new products, which went live on July 28, track the CoinDesk Ether Benchmark 4PM New York Settlement Rate and the equivalent Solana benchmark.
The trusts have an expense ratio of 0.14% and will stake part of their ETH and SOL holdings, passing through staking rewards to investors. This move marks a significant step in institutional adoption of cryptocurrencies and may change how buyers evaluate presale opportunities.
MemeToro, on the other hand, has started public development with Coinsult, offering a unique take on cryptocurrency creation. The project's Hourly AI Agent will generate memecoin concepts every hour, including name, ticker, reasoning, and launch manifest.