Morgan Stanley Launches Ether and Solana ETPs with Staking
The funds undercut rival crypto products and will pass staking rewards to shareholders as cash, Morgan Stanley said.
- On Tuesday, Morgan Stanley Investment Management launched the Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust on NYSE Arca as staking-enabled crypto funds.
- Both funds charge 0.14%, the lowest fee in their category, undercutting Grayscale's Mini Ethereum Trust at 0.15% and Franklin Templeton's solana fund at 0.19% according to SoSoValue data.
- Under normal conditions, MSSE stakes 50% to 80% of its ether while MSOL stakes up to 100% of its SOL; Morgan Stanley named Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada as staking providers.
- Bloomberg senior ETF analyst Eric Balchunas described these as the largest ether and solana launches since the original spot funds, citing the firm's 16,000 in-house advisors managing $7 trillion in client assets.
- These launches expand MSIM's digital asset lineup to three products spanning bitcoin, ether, and SOL within an ETF and ETP business now managing more than $14 billion across 22 funds.
23 Articles
23 Articles
Morgan Stanley Launches Ethereum and Solana ETPs at 0.14%, the Lowest Fee in Both Categories
Morgan Stanley Investment Management began trading two spot digital asset products on NYSE Arca on Tuesday, the Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL). Each charges 0.14%, the lowest fee in its category, and each will stake a portion of its holdings to earn network rewards. The pricing undercuts Grayscale‘s Mini Ethereum Trust at 0.15% and Franklin Templeton‘s solana fund at 0.19%, according to SoSoValue …
Morgan Stanley Now Launches Crypto ETFs, Security Risks Rise
Investment bank Morgan Stanley launches new ETFs for Ethereum and Solana. A Bitcoin wallet in the Apple App Store was fake. Claude Mythos cracks cryptography for quantum computers. Bitcoin was trading at around $64,000 on Wednesday morning, up just under 1 percent for the day Bitcoin ETFs saw a $50 million outflow of capital on Tuesday. Apple promotes its largely closed ecosystem with high security. However, this promise appears to have been bro…
Morgan Stanley's Late Entry Into Staked Crypto ETPs Tests Whether Brand Beats a Head Start
Morgan Stanley Investment Management launched two new crypto exchange-traded products on NYSE Arca on July 28: the Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL). Both carry a 0.14% expense ratio and both intend to stake a portion of their holdings, passing the full staking reward through to shareholders. "MSIM will not retain any portion of the rewards earned by either ETP for itself," the firm said in its annou…
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