Morgan Stanley Unleashes Cheapest Ethereum, Solana ETPs with Integrated Staking

Morgan Stanley Investment Management has launched two new exchange-traded products (ETPs) that track Ethereum and Solana, making them available to investors through standard brokerage accounts. The Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) started trading on the NYSE Arca today. Both funds have a low expense ratio of 0.14%, according to Bloomberg ETF analyst Eric Balchunas.

The ETPs will track the prices of Ethereum and Solana through CoinDesk benchmark rates while staking a portion of their underlying assets to generate additional rewards. MSSE plans to stake between 50% and 80% of its Ethereum holdings, while MSOL may stake up to 100% of its Solana holdings.

Morgan Stanley expects around 95% of the staking rewards to pass through to shareholders, with none retained by the asset manager. The company has partnered with Figment, an institutional staking infrastructure provider, to operate the validators and manage staking for both funds.