Morgan Stanley Expands Crypto Offerings with Ethereum, Solana ETPs

Morgan Stanley has expanded its cryptocurrency offerings beyond Bitcoin with the launch of exchange-traded products linked to Ethereum and Solana.

The Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL) were listed on NYSE Arca, tracking CoinDesk's 4 p.m. New York benchmark prices for Ether and Solana.

Both products carry an annual management fee of 0.14% and pass through all staking income to investors by staking a portion of their holdings. Morgan Stanley will not retain any of that staking revenue, according to the company.

This move follows Morgan Stanley's earlier announcement in July to start offering spot cryptocurrency trading on its E*TRADE platform, which provides eligible clients with trading and custody for Bitcoin, Ether, and Solana through a partnership with crypto infrastructure provider Zero Hash.