Morgan Stanley Launches Staking Ethereum and Solana ETPs
Morgan Stanley has entered the staking Ethereum and Solana market with its new exchange-traded products (ETPs), Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL). These ETPs will offer investors exposure to both assets, including potential network rewards through staking. The fees for these ETPs are competitive, at 0.14% expense ratios.
The move marks a significant shift in the market, as Wall Street firms begin to take notice of staking as a viable investment option. Morgan Stanley's decision to launch its own staking ETPs highlights the growing recognition of the potential benefits of staking for investors.
According to the firm, 95% of staking rewards will pass through to shareholders, with the remaining 5% going to staking providers and custodians. This transparent approach allows investors to benefit from the potential network rewards without having to manage the complexities of staking themselves.