Morgan Stanley Investment Management has expanded its crypto offerings with the debut of two exchange-traded products that track Ethereum and Solana. These new funds, trading under the tickers MSSE and MSOL on NYSE Arca, mark a notable step for the Wall Street giant beyond its existing Bitcoin exposure.
Details on the Ethereum and Solana Products
MSSE and MSOL are designed to reflect the price movements of Ether and Solana’s native token, SOL, respectively. Both funds come with an annual management fee of just 0.14%, positioning them among the lowest-cost crypto exchange-traded products available in the U.S. market. While often called ETFs, Morgan Stanley officially classifies them as exchange-traded products since they directly hold digital assets rather than derivatives.
These products also support staking, which involves locking up tokens to secure the network and earn rewards. According to regulatory filings, MSSE plans to stake between 50% and 80% of its Ether holdings, while MSOL may stake up to 100% of its Solana tokens. Firms like Figment, Galaxy’s blockchain infrastructure arm, and Coinbase Canada have been tapped to provide staking services. Although staking generates additional returns, investors should remain aware of the operational and liquidity risks that come with it.
Market Response and Industry Impact
The launch positions Morgan Stanley as the first U.S. bank-affiliated asset manager to offer exchange-traded products based on Ethereum and Solana. This move could intensify competition across the crypto fund sector, especially given the products’ low fees. It also comes amid fluctuating crypto ETF inflows during a broader market downturn, signaling cautious investor sentiment.
By making Ether and Solana more accessible through traditional brokerage accounts, Morgan Stanley is helping bridge the gap between conventional finance and digital assets. This development follows the firm’s earlier Bitcoin offerings and aligns with trends where institutional players steadily increase their crypto footprints.
This material is for informational purposes only and does not constitute financial advice.
