Morgan Stanley Expands Crypto Offerings with Ethereum Trust Launch

Morgan Stanley Investment Management has launched its second crypto exchange-traded product (ETP), the Morgan Stanley Ethereum Trust, which tracks the price of ETH. This new ETP carries a 0.14% expense ratio and will stake a portion of its holdings, passing staking rewards on to investors.

MSSE follows in the footsteps of the Morgan Stanley Bitcoin Trust, launched earlier this year as the first crypto ETP from a U.S. bank-affiliated asset manager. The latter has grown to more than $381 million in assets under management (AUM).

Morgan Stanley has over $2 trillion in assets under management.