Morgan Stanley Unveils Ethereum and Solana ETFs

Morgan Stanley has expanded its crypto offerings by launching Ethereum and Solana ETFs. The funds, which will trade under the tickers MSSE and MSOL respectively, track the prices of Ethereum and Solana.

The launch follows approval from the NYSE Arca, making them the first ETH and SOL funds issued by a U.S. bank-affiliated asset manager. Morgan Stanley's crypto ETFs offer staking to earn rewards on holdings, with a management fee of 0.14%, one of the cheapest among crypto ETF issuers.

This move deepens the bank's push into crypto, building on its earlier launch of a Bitcoin ETF and the rollout of spot trading for Bitcoin, Ethereum, and Solana through E*TRADE. Morgan Stanley has also applied for a crypto-focused national trust bank.