Morgan Stanley Unveils Cheapest Ethereum and Solana ETFs with Staking
Morgan Stanley has introduced two new spot Ethereum and Solana exchange-traded products (ETPs) that offer competitive pricing and staking capabilities.
The Morgan Stanley Ethereum Trust, trading under ticker MSSE on NYSE Arca, provides exposure to ether through tracking the CoinDesk Ether Benchmark 4PM NY Settlement Rate. The fund features an expense ratio of 0.14%, undercutting rival spot Ethereum investment vehicles.
Morgan Stanley engineered the Ethereum fund to produce supplementary returns via staking mechanisms. The product will allocate portions of its ether reserves for staking purposes while preserving benchmark tracking. Moreover, Morgan Stanley announced it will pass through all staking rewards to investors without retaining any portion.
The Solana ETF introduction establishes a new low-cost benchmark with the same 0.14% expense ratio as the Ethereum offering. This sponsor fee positioning places the Solana offering below Franklin Templeton's Solana ETF at 0.19%. Similarly, the Ethereum offering undercuts Grayscale's Mini Ethereum Trust at 0.15%.
The Solana product will similarly utilize staking with portions of its SOL token holdings to create supplementary returns. Morgan Stanley verified that investors will receive all staking rewards within the fund structure.