Morgan Stanley Launches Spot Ethereum and Solana ETPs Featuring Staking Rewards
AI Market Summary
Morgan Stanley launched spot Ethereum and Solana ETPs on NYSE Arca that stake a portion of holdings and pass rewards to investors, extending its crypto lineup beyond a prior spot Bitcoin product. The move signals deeper institutional distribution for non-BTC assets and growing acceptance of packaged staking yield within regulated wrappers, which could lift near-term flows, liquidity, and credibility for ETH and SOL exposure.
Impact level
● High
Affected assets
ETH/USDT+0.84%
AI Insight · ETH/USDTAI Insight
▲ Bullish
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Morgan Stanley's investment management unit has expanded its digital asset portfolio by launching the Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL) on NYSE Arca, as reported by CoinDesk. Both exchange-traded products (ETPs) feature a competitive 0.14% expense ratio and incorporate a staking component, allowing investors to receive rewards directly from the underlying assets. This move follows the April launch of the firm's spot Bitcoin trust, which reached $381 million in assets under management by July 16. According to Ally Wallace, Global Head of ETFs, these products aim to simplify cryptocurrency access. The launch coincides with broader initiatives, including a July partnership with Zero Hash to enable spot trading for E*TRADE clients, signaling Morgan Stanley's commitment to integrating blockchain-based financial products into traditional investment frameworks.