Morgan Stanley Wins Approval for Regulated Ethereum and Solana ETFs

Morgan Stanley has received approval to list two new exchange-traded funds (ETFs) on NYSE Arca, giving traditional investors regulated exposure to Ethereum and Solana without needing to manage their own crypto holdings. The MSSE ETF will track the price of spot Ethereum, while the MSOL ETF will follow Solana.

The approval comes as both cryptocurrencies attempt to recover from recent declines, with Ethereum trying to break resistance near $1,950 and Solana aiming for a target of $90. To generate additional rewards, these ETFs will stake a portion of their holdings, which will be distributed mostly to investors.