Morgan Stanley Takes Stakes in Solana and Ethereum with New ETPs

Morgan Stanley is expanding its digital asset offerings with two new exchange-traded products (ETPs) tied to Ethereum and Solana. This move comes after the success of their Bitcoin investment products, which have attracted over $381 million in assets under management.

The new ETPs combine low fees with the ability to earn yield through staking, a feature that involves locking up crypto assets to help validate transactions on a blockchain and earning newly issued tokens as rewards. The Solana ETP can stake up to 100% of its holdings, while the Ethereum ETP is expected to stake between 50% to 80%.

Each fund will charge an expense ratio of 0.14%, which is among the lowest fees in the category. This feature makes the products more attractive from a traditional finance standpoint, according to Joel Hugentobler, Cryptocurrency Analyst at Javelin Strategy & Research.