Morgan Stanley Launches Ethereum and Solana ETPs at Industry-Low 0.14% Fee
MSSE and MSOL begin trading on NYSE Arca, passing staking rewards straight through to investors — the first spot ETH/SOL products from a major bank-affiliated asset manager to include staking at launch.
Morgan Stanley Investment Management has launched spot exchange-traded products for ether and solana, extending its crypto lineup beyond the bitcoin fund it debuted earlier this year.
The products
The Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) began trading on NYSE Arca on July 28, tracking the CoinDesk Ether Benchmark and CoinDesk Solana Benchmark 4PM NY Settlement Rates. Both funds carry a 0.14% expense ratio — the lowest fee on the market for a spot ETH or SOL product.
- Both funds intend to stake a portion of their holdings
- Morgan Stanley keeps none of the staking rewards, passing roughly 95% through to shareholders
- MSSE and MSOL are the first spot ETH/SOL ETPs from a major US bank-affiliated asset manager to include staking from day one
Context
The launch follows the Morgan Stanley Bitcoin Trust (MSBT), which had crossed $381 million in assets under management as of July 16 after debuting earlier this year. With MSSE and MSOL now live, Morgan Stanley's crypto ETP lineup covers all three of BTC, ETH, and SOL.
It's a crowded field: eight spot SOL ETFs are now listed industry-wide, holding a combined $889.3 million in net assets, per SoSoValue data. Morgan Stanley's edge is distribution — roughly 16,000 financial advisors overseeing more than $9 trillion in client assets, plus direct retail access through its ownership of E*TRADE.
Amy Oldenburg, Morgan Stanley's head of digital asset strategy, framed the launch as part of a broader shift: "Digital assets are becoming an increasingly important component of diversified investment portfolios."
What This Means
A bank-affiliated asset manager offering staking-inclusive spot Solana exposure at the market's lowest fee lowers the cost and friction for advisor-directed capital to gain SOL exposure with yield, without self-custody or direct staking infrastructure. Worth watching: MSOL's early asset flows as a read on advisor demand for SOL specifically, relative to Morgan Stanley's ETH and BTC products.