Morgan Stanley Stakes Ground in Crypto Market with Network Participation

Morgan Stanley Investment Management has taken its crypto investment products to a new level by adding network participation. Instead of limiting exposure to passive token holdings, the asset manager is now staking part of its Ethereum and Solana exchange-traded product assets.

The Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL), which trade on NYSE Arca, seek to track ETH and SOL performance respectively. Each product delegates a portion of its assets to institutional validators and distributes resulting staking rewards to shareholders through regular distributions.

Galaxy was selected as an approved validator for the new products, along with two other firms. Galaxy reported $2.8 billion in staked assets at the end of Q2 2026 across Ethereum, Solana, and other proof-of-stake networks.

The launch illustrates how institutional crypto products are becoming more operationally complex, tying product performance to validator uptime, withdrawal mechanics, network rules, and reward treatment.