Morgan Stanley debuts spot Ethereum and Solana ETFs on NYSE Arca at 0.14%, undercutting rivals, with staking rewards passed to investors and $14B in total ETP assets.
Crypto ETF News
Morgan Stanley entered the spot altcoin exchange-traded fund (ETF) market on July 28, listing two new funds tied to Ethereum (ETH) and Solana (SOL) on NYSE Arca. The Ethereum fund trades under the ticker MSSE, and the Solana fund trades under MSOL. Both products give investors price exposure to either asset without requiring them to hold the tokens directly.
Each fund charges a 0.14% annual sponsor fee. That rate is lower than the 0.15% charged by Grayscale's Mini Ethereum Trust and the 0.19% applied to Franklin Templeton's Solana ETF, according to data from SoSoValue. The fee gap may appear small, but it compounds for investors who hold the products over a long period.
Staking Rewards Flow to Investors
Morgan Stanley said it will stake a share of each fund's holdings. Any rewards generated from staking will be passed through to investors rather than kept by the firm.
Amy Oldenburg, Morgan Stanley's head of digital asset strategy, said client demand for digital assets has continued to grow. She said the firm is focused on offering products that let investors diversify across traditional and decentralized asset classes. Oldenburg added that all products must meet Morgan Stanley's existing standards for governance, infrastructure, and risk management.
Related Article: Bitcoin Gains Strength Despite Split Fed, Strategy Sale, and Mixed ETF Flows
Bitcoin Fund Paved the Way
Morgan Stanley's spot Bitcoin (BTC) fund, the Morgan Stanley Bitcoin Trust, launched earlier in 2026 and had gathered more than $381 million in assets under management by July 16. Bloomberg Senior ETF Analyst Eric Balchunas estimated the figure was closer to $400 million. He noted that the fund accumulated that amount during a period when broader market conditions were bearish.
The firm's total ETF and exchange-traded product (ETP) suite now holds more than $14 billion in assets under management, according to Global Head of ETFs Ally Wallace. Eight SOL ETFs were already listed on the market before Morgan Stanley's entry, with combined net assets of $889.3 million. SOL and Hyperliquid (HYPE) ETFs together made up nearly 80% of non-BTC and non-ETH ETF trading volume in the week before the launch.
Morgan Stanley's wealth management division includes roughly 16,000 financial advisors who oversee more than $9 trillion in client assets. Its ownership of E*TRADE gives the firm direct access to millions of self-directed retail investors. That distribution reach puts both new funds in front of a large base of potential buyers from the first day of trading.
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