Morgan Stanley Launches Ether and Solana ETPs With Staking and Market-low Fees
Morgan Stanley has launched exchange-traded products (ETPs) tracking ether and solana, expanding its digital asset lineup that began with bitcoin. The Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) began trading on NYSE Arca on July 28, each charging an annual expense ratio of 0.14%. This makes them the lowest-priced products in their respective categories at launch, undercutting competing ether and solana funds.
Staking adds another point of competition. Morgan Stanley plans to stake part of each trust’s holdings to earn rewards from the Ethereum and Solana networks. It will not retain any share of those rewards, allowing the benefits to flow back into the products. However, staking introduces risks: assets may become temporarily unavailable during network entry and exit periods, and validator errors can result in penalties known as slashing. Morgan Stanley therefore expects to stake less than the trusts’ full holdings.
“Digital assets are becoming an increasingly important component of diversified investment portfolios. 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,” said Amy Oldenburg, Morgan Stanley’s head of digital asset strategy.
The launches follow the Morgan Stanley Bitcoin Trust, which accumulated more than $400 million in cumulative net flows by July 27 after debuting earlier in 2026. Morgan Stanley’s wider exchange-traded product business now oversees more than $14 billion across 22 products.
Bloomberg Intelligence analyst Eric Balchunas described the new funds as the most significant ether and solana launches since the first products entered the market, citing Morgan Stanley’s large adviser network and platform reach as key advantages. The firm has roughly 16,000 financial advisers, giving the funds access to a distribution network few crypto-native issuers can match.
By combining low fees, staking income and a vast wealth-management channel, Morgan Stanley is forcing the crypto fund market into a new phase of competition.