Morgan Stanley has launched two exchange-traded products tied to Ethereum and Solana. The Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust began trading Tuesday on NYSE Arca under the tickers MSSE and MSOL, respectively.

According to a press release, MSSE tracks the CoinDesk Ether Benchmark 4PM NY Settlement Rate, while MSOL tracks the corresponding benchmark for Solana’s native token, SOL. Both products carry an annual expense ratio of 0.14%.

BREAKING: $9.3 Trillion Morgan Stanley has officially launched spot Ethereum and Solana ETFs, with the lowest fee on the market at 0.14%. pic.twitter.com/JFFF8pQJai — Ash Crypto (@AshCrypto) July 28, 2026

BREAKING: $9.3 Trillion Morgan Stanley has officially launched spot Ethereum and Solana ETFs, with the lowest fee on the market at 0.14%. pic.twitter.com/JFFF8pQJai

How the Funds Provide Crypto Exposure and Staking

The trusts hold digital assets and give investors indirect exposure through traditional brokerage accounts. Investors can purchase shares without handling crypto wallets or private keys, which places the products within a structure familiar to many market participants using U.S. securities accounts. Returns may differ from spot market performance after expenses and other costs.

Both trusts may stake part of their holdings to generate blockchain rewards. Staking involves committing tokens to validators that process transactions and help secure proof-of-stake networks.

The Ethereum trust plans to stake between 50% and 80% of its ether holdings. The Solana trust may stake up to 100% of its SOL, while keeping some tokens unstaked for liquidity and redemptions.

Figment, Galaxy Blockchain Infrastructure and Coinbase Canada will provide staking services. Custodians and service providers are expected to retain 5% of gross rewards, with the remainder staying with the trusts.

Morgan Stanley Investment Management will not receive any portion of those rewards. The filings do not guarantee any specific return, and earnings will depend on reward rates, network conditions and the amount staked.

The filings also note risks tied to staking, including operational and liquidity issues. Token unbonding may slow access to assets during periods of heavy redemptions. Validator failures, custody problems and network disruptions could also reduce returns.

The launch follows the Morgan Stanley Bitcoin Trust, which trades under the ticker MSBT. The product held more than $381 million in assets through July 16 and entered the market earlier in 2026. Morgan Stanley described MSBT as the first crypto ETP from a U.S. bank-affiliated asset manager. The firm’s latest products extend that lineup across Bitcoin, Ethereum and Solana, all trading on NYSE Arca.

Crypto Expansion Comes Amid Shifting Market Demand

Morgan Stanley’s crypto access was facilitated through E*TRADE. Eligible users could trade Bitcoin, Ethereum and Solana through a linked account at Zerohash, which handled trades and custody outside the bank.

The Office of the Comptroller of the Currency granted preliminary conditional approval for Morgan Stanley Digital Trust in June. The National Trust Bank had not yet become operational because of preopening requirements.

The products arrived amid fluctuating demand for U.S. crypto funds. As TronWeekly reported earlier, Bitcoin ETFs recorded outflows of $465.26 million across two late-week trading sessions, ending a seven-day run of inflows.