Morgan Stanley Takes Aim at Altcoin Yields with Ether and Solana ETPs

Morgan Stanley has made another significant move into the crypto market by launching two new exchange-traded products (ETPs) tracking Ether and Solana. These ETPs offer direct exposure to these assets, but what sets them apart is their integrated staking feature.

For Ethereum, the staking yield currently sits at around 3 to 4% annually, while Solana has historically offered higher returns in the range of 6 to 8%. This is a major differentiator from spot Ethereum ETFs recently approved in the United States, which do not yet incorporate a staking component.

The launch of these ETPs is part of Morgan Stanley's broader expansion strategy into digital assets. The bank had already launched a Bitcoin fund earlier this year and is positioning its new products as a premium offering, combining exposure to the price action of these crypto assets with passive yield generation.