Solana Surges with Morgan Stanley's MSOL ETP Launch

Morgan Stanley has launched the MSOL exchange-traded product (ETP) on NYSE Arca, allowing investors to hold Solana through a staked ETP. This marks another step in Solana's growing institutional footprint.

The latest listing incorporates staking, passing all staking rewards directly to investors. Morgan Stanley noted that its first crypto ETP attracted $381 million within months. The MSOL product joins the firm's $14 billion product suite.

Solana has surpassed Bybit, Coinbase, and Kraken in weekly DEX spot trading volume for the fourth consecutive week, ranking second only to Binance, according to SolanaFloor. This achievement suggests decentralized trading activity on Solana continues gaining momentum despite broader market uncertainty.