USDMorgan Stanley Launches Low-Fee Ethereum and Solana Funds
New products add staking rewards after the firm’s Bitcoin fund drew strong demand
TL;DR
- Morgan Stanley launched Ethereum and Solana exchange-traded products on July 28, 2026.
- MSSE and MSOL charge industry-low fees and will pass staking rewards to shareholders.
- The expansion follows strong asset growth in Morgan Stanley’s earlier Bitcoin product.
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Morgan Stanley launched exchange-traded products tied to Ether and Solana on July 28, 2026, expanding its digital-asset lineup after its Bitcoin fund attracted hundreds of millions of dollars in assets. The Morgan Stanley Ethereum Trust, trading under MSSE, and the Morgan Stanley Solana Trust, trading under MSOL, provide regulated exposure to the two assets without requiring investors to buy or custody tokens directly.
The products were scheduled to trade on NYSE Arca. MSSE tracks the CoinDesk Ether Benchmark 4PM NY Settlement Rate, while MSOL tracks the CoinDesk Solana Benchmark 4PM NY Settlement Rate. The benchmark structures are designed to reflect the market value of their respective underlying assets through exchange-traded securities.
Morgan Stanley positioned both products as the lowest-fee spot Ethereum and Solana exchange-traded products available at launch. The fee was below the 0.15% charged by Grayscale’s Mini Ethereum Trust and the 0.19% charged by Franklin Templeton’s Solana ETF. The Morgan Stanley charge is equivalent to about $14 annually for each $10,000 invested, excluding performance and other costs.
Funds will distribute staking rewards
Morgan Stanley said it intends to stake part of the ETH and SOL held by the funds. Rewards earned through staking are expected to be passed through to shareholders rather than retained by Morgan Stanley, adding a potential income component alongside exposure to movements in the underlying assets.
The structure differs from direct token ownership. Investors receive shares representing exposure through an exchange-traded product rather than crypto assets that can be transferred onchain, used in decentralized applications or independently delegated to validators.
Morgan Stanley Global Head of ETFs Ally Wallace placed the launch within the firm’s wider exchange-traded fund business. “Since introducing our first ETFs in 2023, we’ve built a diversified suite of ETFs and ETPs that now exceed $14 billion in assets under management,” Wallace said.
“The addition of MSSE and MSOL reflects the natural evolution of our product suite, which seeks to provide simplified access to digital assets through the ETP wrapper,” Wallace added.
Morgan Stanley Head of Digital Asset Strategy Amy Oldenburg said crypto assets were taking a larger role in portfolio construction. “Digital assets are becoming an increasingly important component of diversified investment portfolios,” Oldenburg said.
“As client interest in digital assets continues to grow, we’re focused on providing a range of digital asset solutions that allow investors to diversify their portfolios across traditional and decentralized asset classes while also adhering to Morgan Stanley’s standards for governance, infrastructure and risk management,” Oldenburg added.
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Bitcoin fund provides expansion base
The launch follows the Morgan Stanley Bitcoin Trust, which trades under MSBT and tracks the CoinDesk Bitcoin Benchmark Rate. Morgan Stanley introduced that product earlier in 2026 before expanding its offering to two proof-of-stake assets.
MSBT had accumulated more than $381 million in assets under management through July 16. Bloomberg Senior ETF Analyst Eric Balchunas separately characterized its assets as approximately $400 million gathered within four months, despite the product launching during a bearish market.
U.S. spot Bitcoin ETFs began trading in January 2024, followed by the expansion of exchange-traded crypto products into Ether and additional digital assets. Morgan Stanley entered the Ethereum and Solana segments roughly two and a half years after BlackRock, Fidelity and other firms introduced the first U.S.-based spot Bitcoin ETFs.
Solana had developed into an increasingly competitive exchange-traded fund category by the time of Morgan Stanley’s launch. Eight Solana ETFs were already listed and collectively held $889.3 million in net assets. A separate rounded measurement placed cumulative Solana ETF assets at more than $900 million.
About one week before Morgan Stanley’s announcement, Solana and Hyperliquid ETFs generated nearly 80% of exchange-traded fund volume outside Bitcoin and Ether products. Other issuers had also introduced products linked to XRP and HYPE as the market expanded beyond its initial focus on Bitcoin and Ether.
Distribution spans advised and self-directed clients
Morgan Stanley can distribute MSSE and MSOL through a wealth-management operation that includes approximately 16,000 financial advisers overseeing more than $9 trillion in client assets.
The firm also owns E*TRADE, providing access to millions of self-directed investors alongside clients served through Morgan Stanley’s financial-adviser network. The two channels allow the products to reach investors using both advised wealth-management accounts and self-directed brokerage platforms.
The new funds combine exposure to major proof-of-stake assets with low annual fees, benchmark-based pricing and the planned distribution of staking rewards. Their launch broadens Morgan Stanley’s digital-asset lineup from Bitcoin into Ethereum and Solana through investment products available within traditional securities accounts.
This article has been refined and enhanced by ChatGPT.
