Morgan Stanley's Ethereum and Solana ETFs Surpass Rivals with Second-Day Inflows

Morgan Stanley's new Ethereum and Solana exchange-traded funds (ETFs) drew $33 million in inflows on their second trading day, outperforming larger rivals.

The Morgan Stanley Ethereum Trust, MSSE, attracted $14.03 million, while the Morgan Stanley Solana Trust, MSOL, recorded $19.03 million according to SoSoValue data.

This is a significant achievement for Morgan Stanley, which has used its distribution power to build a broader crypto ETF franchise.

The firm's Bitcoin trust has gathered around $400 million in assets since launching earlier this year, giving it an established pool of crypto investors as it rolls out products tied to Ethereum and Solana.