Key Takeaways

• MSSE and MSOL now trade on NYSE Arca.
• Both products charge a 0.14% fee.
• Staking adds a variable income component.
• Investors do not directly own the tokens.

The Morgan Stanley Ethereum Trust trades under the ticker MSSE, while the Solana Trust uses MSOL, confirming the launch plans previously reported for the two staking products. Each product carries a 0.14% expense ratio and intends to stake part of its underlying ETH or SOL holdings.

The listing gives traditional brokerage clients a way to access two large proof-of-stake assets through exchange-traded securities, while also introducing staking mechanics that are different from a simple spot-style crypto product.

Why the Products May Appeal to Investors

The main advantage is easier access. Investors can gain exposure through a conventional brokerage account without opening an account at a crypto exchange, managing private keys, or choosing a validator.

That structure may be especially relevant for financial advisers and institutions whose internal policies allow exchange-traded securities but restrict direct cryptocurrency custody.

Staking adds another potential source of return. A standard spot product mainly tracks the price of the underlying token after fees, while MSSE and MSOL can also earn rewards for helping secure their respective networks.

Those rewards may partially offset the expense ratio when ETH or SOL prices are flat, but they are not fixed or guaranteed. The amount depends on network conditions, validator performance, and how much of the trust’s holdings can be staked while still maintaining enough liquidity for redemptions.

How the Staking Rewards Are Divided

Morgan Stanley says it will retain none of the staking rewards. Under the Ethereum Trust prospectus, custodians and staking providers are expected to deduct a service fee equal to 5% of gross rewards.

The remaining rewards stay with the trust before being distributed to shareholders, generally in cash. Investors therefore benefit from staking without operating their own validator, although the service-provider deduction reduces the amount they ultimately receive.

Convenience Comes With Trade-Offs

Shareholders do not directly own ETH or SOL. They cannot transfer the assets to a personal wallet, use them in decentralized finance, or choose how they are staked.

Staked assets can also become temporarily unavailable during activation, exit, and withdrawal periods. Validator failures may reduce rewards or create slashing losses, while delays in unlocking tokens could complicate large redemptions during volatile markets.

The shares may also trade above or below the value of the assets held by the trusts. In addition, the products are not registered under the Investment Company Act of 1940, meaning they do not carry all the protections associated with conventional mutual funds and registered ETFs.

Morgan Stanley Now Offers BTC, ETH, and SOL Exposure

The launch expands Morgan Stanley’s crypto lineup beyond its existing Bitcoin product. Clients can now access Bitcoin, Ethereum, and Solana through exchange-traded securities within the same brokerage framework.

That broader lineup also matters for advisers and asset allocators comparing different ways to package crypto exposure, since the products sit inside a familiar securities wrapper even though the underlying assets and staking features still carry crypto-specific operational risks.

MSSE and MSOL may suit investors who value professional custody, low fees, and staking income without managing wallets themselves. Their returns will still depend mainly on the price of ETH and SOL, with staking providing an additional variable component rather than turning the products into conservative income funds.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Staking rewards are variable, and investors could lose all or a substantial part of their investment.

Methodology: Product details come from Morgan Stanley Investment Management’s official launch announcement and the SEC prospectuses for the Ethereum and Solana trusts.