Morgan Stanley launches Ethereum and Solana ETPs! Focused on a 0.14% low fee rate, with all staking rewards fully returned to investors

Wall Street traditional finance giants are injecting a new wave of confidence into the crypto market! According to CoinDesk, after Morgan Stanley (大摩) achieved huge success with a Bitcoin fund launched earlier this year, on the 28th it announced the official launch of two new exchange-traded products (ETPs)—Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL)—which have already been listed for trading on NYSE Arca (NYSE Arca).
(Background: Morgan Stanley files a Solana ETF amendment application! Ticker $MSOL, supports staking rewards)
(Additional background: Bloomberg: Morgan Stanley’s E*Trade rushes into crypto trading! Offers a 0.5% low fee and aggressively grabs the Coinbase and Robinhood market)

Table of contents

Toggle

• Ultra-low 0.14% fee rate, all staking rewards returned to investors
• Bitcoin fund raises $380 million, Solana becomes the new battlefield
• 16k advisors and E*TRADE support, channel advantage is unmatched

The pace at which traditional financial institutions embrace crypto assets continues to accelerate. On July 28, Taipei time, according to CoinDesk, Morgan Stanley (Morgan Stanley), a Wall Street investment banking giant with more than $9 trillion in assets under management, has officially expanded its digital asset product lineup, announcing the launch of two new ETPs tracking the price performance of Ethereum (ETH) and Solana (SOL): Morgan Stanley Ethereum Trust with ticker “MSSE” and Morgan Stanley Solana Trust with ticker “MSOL”. Both are now officially trading publicly on NYSE Arca (NYSE Arca).

Ultra-low 0.14% fee rate, all staking rewards returned to investors

These two newly launched ETPs allow investors to gain price exposure to ETH and SOL without directly holding the crypto private keys. For the pricing benchmark, the Ethereum ETP (MSSE) tracks the “CoinDesk Ether Benchmark 4PM NY Settlement Rate,” while the Solana ETP (MSOL) tracks the “CoinDesk Solana Benchmark 4PM NY Settlement Rate.”

Highly competitive product design has become a key focus for the market. Morgan Stanley set the management fee rate for these two ETPs at 0.14%, which is arguably the lowest level in the current market. Even more attractive is that Morgan Stanley plans to conduct on-chain staking with a portion of the ETH and SOL held by the products, and it promises that the resulting staking rewards will be transferred directly in full to investors rather than retained by the company—providing long-term holders with an especially appealing additional yield.

The Bitcoin fund pulls in $380 million, Solana becomes the new battlefield

Morgan Stanley’s rapid expansion of its crypto product line is mainly due to the strong performance of the Bitcoin fund (Morgan Stanley Bitcoin Trust, MSBT) it launched earlier this year. As of July 16, MSBT’s assets under management (AUM) had quickly surpassed $381 million, validating customers’ strong demand for allocating to crypto assets.

As U.S. spot Bitcoin and Ethereum ETF products continue to mature, Wall Street institutions are starting to turn their attention to other public-chain leaders with potential. At present, there are about 8 ETF or ETP products related to Solana in the market, with total net assets of about $889.3 million, and Solana is rising as the next main battlefield for institutional capital to vie for.

16k advisors and E*TRADE backing, channel advantage is unmatched

Amy Oldenburg, head of digital asset strategy at Morgan Stanley, said: “Digital assets are gradually becoming an increasingly important component of diversified investment portfolios. As customer interest continues to grow, we focus on providing high-quality digital asset solutions, enabling investors to diversify between traditional and decentralized asset classes, while adhering to Morgan Stanley’s strict standards in governance, infrastructure, and risk management.”

The industry widely expects the promotion speed of Morgan Stanley’s new products to be strong. Morgan Stanley has about 16k professional financial advisors, managing a massive $9 trillion of client assets; at the same time, it also owns the well-known online brokerage platform E*TRADE, which can directly reach millions of self-directed retail investors. This top-tier channel and distribution advantage will greatly accelerate traditional capital flows into mainstream Web3 assets such as Ethereum and Solana.