Solana Staking ETP Launch Ignites Institutional Frenzy

Solana's SOL price is seeing increased activity as institutional adoption and on-chain action converge. Morgan Stanley has launched the MSOL exchange-traded product ETPUSD, allowing investors to gain exposure to Solana through a staked ETP that passes all staking rewards directly to holders.

The MSOL product joins Morgan Stanley's $14 billion product suite, following their first crypto ETP which attracted $381 million in just months. This marks another significant milestone for Solana's growing institutional footprint.

Meanwhile, decentralized trading activity on Solana continues to outpace its rivals, with the network surpassing Bybit, Coinbase, and Kraken in weekly DEX spot trading volume for the fourth consecutive week.