The asset manager expands its crypto offerings with low-fee ether and solana ETPs after its bitcoin fund hits $381 million in assets.
Morgan Stanley introduced exchange-traded products tracking ether (ETH) and solana (SOL), marking its expansion beyond bitcoin. The funds charge a 0.14% fee and distribute staking rewards to investors, leveraging CoinDesk benchmark indexes for pricing.
The move follows the firm’s bitcoin fund surpassing $381 million in assets. Competitors have also launched similar products, with ether ETPs already established and solana emerging as a key focus amid rising investor demand for digital assets.
The new products, Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL), will trade on NYSE Arca, offering exposure without direct token ownership. Distribution will be supported by the firm’s 16,000 financial advisors and E*TRADE platform.