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Morgan Stanley Investment Management has launched exchange-traded products tracking Ether and Solana, expanding its digital asset lineup beyond Bitcoin.
The Morgan Stanley Ethereum Trust trades as MSSE, while the Morgan Stanley Solana Trust trades as MSOL on NYSE Arca. Both products include staking from launch and charge an annualized sponsor fee of 0.14%.
MSSE and MSOL Began Trading on July 28
The new products began trading on July 28, giving investors exchange-listed exposure to Ether and Solana without directly buying or holding ETH or SOL.
MSSE tracks Ether using the 4 p.m. New York settlement benchmark, while MSOL follows the corresponding settlement benchmark for Solana.
The structure places both assets inside brokerage-accessible securities while keeping custody, staking and fund operations inside the trust framework.
Ether Trust Plans to Stake 50% to 80% of Holdings
Morgan Stanley Investment Management plans to stake part of each trust’s underlying assets to generate network rewards. MSSE generally expects to stake between 50% and 80% of its Ether under normal market conditions.
That allocation can change depending on liquidity needs, market conditions and operational requirements. The remaining Ether can be kept unstaked to support redemptions and other trust activity.
Solana Trust Can Stake Up to 100%
MSOL can stake up to 100% of its Solana holdings, although the sponsor may keep some SOL unstaked for liquidity. The higher staking range reflects Solana’s network mechanics and the trust’s product design.
The company did not guarantee a fixed staking yield for either product. Actual returns will depend on network rewards, validator performance, fees, and the share of assets staked at any given time.
Shareholders Are Expected to Receive 95% of Staking Rewards
Figment has been selected as one of the staking providers for both trusts. The products are expected to pass 95% of staking rewards to shareholders. Service providers will receive the remaining portion.
Morgan Stanley Investment Management will not retain staking rewards for itself. The setup removes several operational steps faced by investors who stake directly, including managing private keys, selecting validators and tracking individual on-chain reward payments.
Morgan Stanley Now Offers Bitcoin, Ether, and Solana ETPs
The launches give Morgan Stanley Investment Management exchange-traded products tied to three of the largest cryptocurrencies. Its Bitcoin Trust, launched earlier this year, had accumulated more than $381 million in assets by July 16.
The wider ETF and ETP business now manages more than $14 billion across 22 products. Morgan Stanley has also expanded direct crypto access elsewhere in the group. E*TRADE completed its rollout of spot Bitcoin, Ether, and Solana trading for eligible clients in July.
The immediate test for MSSE and MSOL will be investor demand and how effectively their staking structures translate network rewards into fund returns.
