What to know:
- Morgan Stanley launches Ethereum and Solana ETPs on NYSE Arca with fees set at 0.14%.
- MSSE may stake up to 80% of Ether, while MSOL may stake up to 100% of its SOL holdings.
- Low-fee crypto funds arrive as ETF demand weakens and the CLARITY Act stalls in the Senate.
Morgan Stanley has launched two exchange-traded products linked to Ethereum and Solana. The Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust began trading Tuesday on NYSE Arca. They use the tickers MSSE and MSOL, respectively.
According to a press release, MSSE follows the CoinDesk Ether Benchmark 4PM NY Settlement Rate. MSOL tracks the equivalent benchmark for Solana’s native token, SOL. Both products charge an annual expense ratio of 0.14%.
How Morgan Stanley Funds Offer Crypto Access and Staking
The funds hold digital assets and provide indirect market exposure through traditional brokerage accounts. Investors can buy shares without managing crypto wallets or private keys. Returns may differ from spot prices after expenses and other costs.
Both trusts can stake part of their holdings to earn blockchain rewards. Staking commits tokens to validators that process transactions and secure proof-of-stake networks.
The Ethereum trust plans to stake between 50% and 80% of its ether. The Solana product may stake up to 100% of its SOL. It can keep some tokens unstaked for liquidity and redemptions.
Figment, Galaxy Blockchain Infrastructure and Coinbase Canada will provide staking services. Custodians and providers expect to retain 5% of gross rewards. The remaining amount will stay with the trusts.
Morgan Stanley Investment Management will not keep any part of those rewards. However, the filings do not guarantee a specific return. Earnings will depend on reward rates, network conditions, and the amount staked.
Staking also introduces operational and liquidity risks. Token unbonding may delay access to assets during heavy redemptions. Validator failures, custody problems, and network disruptions could reduce returns.
The launch follows the Morgan Stanley Bitcoin Trust, which trades under MSBT. The product held more than $381 million in assets through July 16. It entered the market earlier in 2026.
The firm described MSBT as the first crypto ETP from a US bank-affiliated asset manager. Its latest products extend that lineup across Bitcoin, Ethereum, and Solana. All three trade on NYSE Arca.
Crypto Expansion Meets Market Pressure
Crypto access at Morgan Stanley was facilitated via E*TRADE. Eligible users could trade Bitcoin, Ethereum, and Solana via a linked account at Zerohash. Zerohash was responsible for facilitating trades and custody that were not conducted within the bank.
Preliminary conditional approval from the Office of the Comptroller of the Currency came for Morgan Stanley Digital Trust in June. The National Trust Bank was yet to be operational due to preopening requirements.
The products came amid fluctuating demand for US crypto funds. As TronWeekly reported earlier, Bitcoin ETFs had seen outflows totaling $465.26 million over two late-week trading sessions. This reversed a seven-day inflow streak.
Also Read: Bitcoin Price Eyes $75K as Fed and CLARITY Act Set the Stage
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