Morgan Stanley Launches Cheapest Ether and Solana ETFs with 0.14% Expense Ratio

Morgan Stanley made a significant move in the digital asset market by launching two spot crypto exchange-traded products that undercut the entire market on fees. The Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL) began trading on NYSE Arca with an expense ratio of just 0.14%, making them the cheapest vehicles in their respective categories.

The move marks the first time a major U.S. bank has fielded ETFs tied to Ether and Solana, expanding a lineup that already includes the Morgan Stanley Bitcoin Trust (MSBT). Both new funds stake a portion of their underlying holdings and pass the rewards directly to investors, adding a variable income stream on top of spot price exposure.

Morgan Stanley's head of digital asset strategy, Amy Oldenburg, said 'digital assets are becoming an increasingly important component of diversified investment portfolios.' The firm aims to provide diversified crypto exposure while maintaining standards for governance, infrastructure and risk management.