Morgan Stanley Launches Spot Ethereum and Solana ETFs at 0.14% Fee
Key Takeaways
- •Morgan Stanley launched the Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust on NYSE Arca under the tickers MSSE and MSOL.
- •Both ETFs have a 0.14% expense ratio and began trading on July 28.
- •Morgan Stanley said staking rewards from the funds will be passed to investors, not retained by the firm.
- •The Ether fund may stake 50% to 80% of its holdings, while the Solana fund may stake up to 100% of its assets.
- •The new offerings expand Morgan Stanley’s digital asset lineup after the launch of its Bitcoin Trust earlier this year.
Morgan Stanley launched spot Ethereum and Solana ETFs on NYSE Arca with a 0.14% expense ratio.
Both ETFs will pass staking rewards to investors, with the Solana fund able to stake up to 100% of its holdings.
The new funds expand Morgan Stanley's digital asset lineup while offering the lowest-cost spot Ether and Solana ETFs in the U.S.
Morgan Stanley Investment Management has launched the Morgan Stanley Ethereum Trust and the Morgan Stanley Solana Trust on NYSE Arca, expanding its digital asset exchange-traded product lineup. The funds began trading on July 28 with a 0.14% expense ratio, making them the lowest-cost spot Ether and Solana ETFs in the U.S., according to analyst Nate Geraci.
New Funds Expand Crypto Lineup
The new products trade under the ticker symbols MSSE and MSOL. They track the CoinDesk Ether Benchmark 4 PM NY Settlement Rate and the CoinDesk Solana Benchmark 4 PM NY Settlement Rate.
According to Morgan Stanley Investment Management, the launches follow the debut of the Morgan Stanley Bitcoin Trust earlier this year. The Bitcoin fund held more than $381 million in assets under management through July 16.
Ally Wallace, Global Head of ETFs at Morgan Stanley Investment Management, said the additions reflect the continued expansion of the firm's exchange-traded product lineup. The company now manages more than $14 billion across 22 ETF and ETP products.
Staking Rewards Passed to Investors
Both funds intend to stake part of their digital asset holdings. Morgan Stanley said investors will receive the staking rewards, while the firm will not retain any portion.
Registration documents state that the Ether fund may stake between 50% and 80% of its holdings. The Solana fund may stake up to 100% of its assets through providers including Figment, Galaxy, and Coinbase Canada.
The products follow Revenue Procedure 2025-31, which established a safe harbor for staking by single-asset exchange-traded products under specific conditions.
Pricing Increases Competition
The 0.14% expense ratio undercuts competing products. Grayscale's Mini Ethereum Trust previously carried the lowest Ether ETF fee at 0.15%, while Franklin Templeton's SOEZ charged 0.19% for a spot Solana ETF.
Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, said client demand for digital assets continues to grow. She added that the firm aims to provide diversified investment options while maintaining its standards for governance, infrastructure, and risk management.
According to Nate Geraci, Morgan Stanley now offers the lowest-cost spot Bitcoin, Ether, and Solana ETFs in the market.
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Official press release: