Morgan Stanley Launches Low-Fee Ethereum and Solana ETFs

Morgan Stanley has launched two new exchange-traded funds (ETFs) focused on Ethereum and Solana, with fees significantly lower than those of Grayscale's offerings. The new ETFs are available to investors and come with a 0.14% fee, undercutting Grayscale's 0.15% fee.

The launch follows Morgan Stanley's successful debut of its Bitcoin ETF, but investor uptake remains uncertain as crypto prices remain below recent peaks. Each fund started with approximately $1 million in seed capital and 50,000 shares.

The Ethereum ETF faces a 47-day validator queue, which may delay staking rewards for investors. In contrast, the Solana ETF stakes up to 100% of its tokens, allowing for faster reward distribution.