Morgan Stanley Expands Crypto Product Offerings with Ethereum and Solana ETFs

Morgan Stanley has expanded its digital asset suite beyond Bitcoin for the first time, launching two new exchange-traded products that track Ethereum and Solana. The Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) began trading on the New York Stock Exchange (NYSE) Arca.

The launches follow the firm's Bitcoin Trust (MSBT), which gathered more than $381 million in assets under management since its introduction in April. Morgan Stanley's venture into Ethereum and Solana ETPs shows a major expansion of bank-affiliated crypto product offerings beyond Bitcoin.

Solana's price was trading around $74, down 1.6% in the last 24 hours, while Ethereum's price was trading around $1,916, down 1.5%. The move reflects growing institutional interest in crypto investment products beyond Bitcoin, giving Morgan Stanley's wealth management network direct access to Ethereum and Solana exposure.

Morgan Stanley (MS) Investment Management announced the expansion of its digital asset suite on Tuesday, with BNY Mellon as trustee and Coinbase Custody as crypto asset custodian. Both trusts have been registered with the US Securities and Exchange Commission (SEC).