Morgan Stanley expands crypto ETP lineup with Ether, Solana funds

Morgan Stanley expands crypto ETP lineup with Ether, Solana funds
Morgan Stanley's new crypto ETPs

Morgan Stanley Investment Management is broadening its cryptocurrency product range after moving further into digital asset trading and investment services this year. The asset manager has launched exchange-traded products tied to Ether and Solana, adding to its existing Bitcoin offering and extending access for investors seeking listed crypto exposure.

Highlights

  • Morgan Stanley launched the Ethereum Trust (MSSE) and Solana Trust (MSOL) on NYSE Arca, tracking CoinDesk's Ether and Solana benchmarks.
  • Both new ETPs offer an expense ratio of 0.14% and pass all staking rewards to investors, with Morgan Stanley retaining none.
  • Morgan Stanley's Bitcoin Trust (MSBT), launched in April, held over $381 million in assets under management as of July 16.

New crypto funds add staking feature

As reported by Cointelegraph, Morgan Stanley Investment Management has launched the Morgan Stanley Ethereum Trust and the Morgan Stanley Solana Trust, listed on NYSE Arca under the tickers MSSE and MSOL. The two exchange-traded products are designed to track the performance of Ether and Solana, respectively, using the CoinDesk Ether Benchmark 4PM NY Settlement Rate and the CoinDesk Solana Benchmark 4PM NY Settlement Rate.

Both funds carry an expense ratio of 0.14% and intend to stake a portion of their holdings. Morgan Stanley says staking rewards earned by the products will be passed through to investors, and the firm will not retain any share of those rewards.

Broader push into digital assets

The launch follows Morgan Stanley's rollout of spot cryptocurrency trading on its E*TRADE platform earlier this month through a partnership with crypto infrastructure provider Zero Hash. Eligible clients can buy, sell and hold Bitcoin, Ether and Solana through that service.

In April, Morgan Stanley launched the Morgan Stanley Bitcoin Trust, listed on NYSE Arca under the ticker MSBT. The company says the fund held more than $381 million in assets under management as of July 16, reinforcing the bank's expanding position in the listed crypto investment market.

Coinbase’s push into crypto derivatives for U.S. customers has been shaped by years of regulatory uncertainty, even as it builds a broader multi-asset platform. In our earlier article, we noted that Coinbase’s acquisition of Deribit and the CFTC’s case-by-case approvals opened a limited pathway for access to global perpetual futures and options, while the still-pending CLARITY Act could ultimately formalize a wider U.S. derivatives market under clearer rules.

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