Morgan Stanley Unveils Ether and Solana ETPs Amid Crypto Expansion
Morgan Stanley has expanded its cryptocurrency offerings with the launch of two new exchange-traded products (ETPs) that track Ether and Solana. The Morgan Stanley Ethereum Trust (NYSE Arca: MSSE) and Morgan Stanley Solana Trust (NYSE Arca: MSOL) aim to mirror the performance of Ether (ETH) and Solana (SOL), respectively, using established benchmarks.
Both funds come with a 0.14% expense ratio and plan to stake a portion of their holdings, passing staking rewards directly to investors. The company emphasizes that it will not retain any portion of the staking rewards earned by either fund.
This move follows Morgan Stanley's introduction of spot cryptocurrency trading on its E*TRADE platform earlier this month, allowing eligible clients to buy, sell, and hold Bitcoin, Ether, and Solana through a partnership with crypto infrastructure provider Zero Hash.