Morgan Stanley Launches Ethereum and Solana ETPs with Integrated Staking

Morgan Stanley has launched two new exchange-traded products (ETPs) that offer investors exposure to Ethereum and Solana with integrated staking. The Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) began trading on July 28, 2026, on the NYSE Arca.

The key feature of these ETPs is that they combine spot exposure to ETH or SOL with built-in staking, allowing investors to earn staking rewards without managing validators themselves. Morgan Stanley has set an expense ratio of 0.14% for each product, which is relatively low compared to other investment options.

The trusts have been designed to pass through 95% of the staking rewards earned by the portfolio to shareholders, with 5% retained to cover costs associated with the staking program and operations. Morgan Stanley has selected Figment as the validator and staking provider for both ETPs.

These new products are expected to appeal to investors who want to gain exposure to Ethereum and Solana without managing validators or dealing with the complexities of direct ownership. However, it's essential to note that there are risks associated with these ETPs, including validator and slashing risk, protocol risk, tracking and liquidity risk, and concentration risk.