Morgan Stanley Expands Crypto Offerings with Ethereum and Solana ETFs

Morgan Stanley has expanded its cryptocurrency offerings by launching two new exchange-traded funds (ETFs) linked to Ethereum and Solana. The Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) have begun trading on the NYSE Arca, providing investors with exposure to the spot prices of ETH and SOL.

The ETFs carry an expense ratio of 0.14% and will stake a portion of their respective holdings to earn staking rewards. Morgan Stanley notes that it will not retain any portion of the rewards generated by either fund.

MSSE tracks ETH's performance using the CoinDesk Ether Benchmark 4 PM NY Settlement Rate, while MSOL uses the CoinDesk Solana Benchmark 4 PM NY Settlement Rate to track SOL's performance.