Morgan Stanley Launches Cheapest ETH and SOL ETFs with Staking Rewards

Morgan Stanley has launched two new exchange-traded funds (ETFs) that give investors exposure to Ethereum and Solana, marking the latest move in the firm's expansion into crypto investment products.

The Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL) began trading on NYSE Arca on July 28. Both funds track the spot prices of their respective coins, with MSSE following the CoinDesk Ether Benchmark 4 PM NY Settlement Rate and MSOL tracking the CoinDesk Solana Benchmark 4 PM NY Settlement Rate.

The ETFs have a market-leading expense ratio of 0.14%, making them the cheapest in each category. The launch comes after Morgan Stanley's Bitcoin Trust (MSBT) debuted earlier this year, which brought in $34 million in first-day trading volume and has since had over $389.67 million in assets under management as of July 28.

The new funds also introduce staking rewards, with the firm stating that it will pass on all earnings from staking to shareholders. The staking services will be done through Figment, Galaxy, and Coinbase Canada, with service fees capped at 5%.