Morgan Stanley Launches Ether and Solana ETPs With Staking Rewards at a 0.14% Fee

Morgan Stanley just gave investors a cheaper, staking-enabled way into Ethereum and Solana — and the fee alone undercuts most of the competition.

• Two new products: the Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL), both trading on NYSE Arca.
• Expense ratio: 0.14% for each product, notably below many existing crypto ETPs.
• Staking built in: both funds stake a portion of holdings and pass rewards to shareholders, with roughly 95% of staking rewards expected to reach investors, using Figment as the staking provider.
• Benchmarks: MSSE tracks the CoinDesk Ether Benchmark; MSOL tracks the CoinDesk Solana Benchmark, both on the 4pm NY settlement rate.
• Track record so far: the firm’s earlier Morgan Stanley Bitcoin Trust (MSBT) holds more than $381 million in assets as of mid-July.

The launch expands Morgan Stanley Investment Management’s crypto product lineup to more than $14 billion in combined assets across 22 products — a scale that puts a major, traditional Wall Street name squarely in competition with crypto-native issuers on price and product design, not just brand recognition.

Building staking rewards directly into the product is the more consequential design choice here. It means investors get exposure to Ethereum and Solana’s price plus a share of the yield those networks generate through staking, inside a single regulated wrapper, rather than needing to run their own validator or use a separate staking service entirely.

A 0.14% fee on a staking-enabled product is aggressive pricing by the standards of existing crypto investment vehicles, and it puts real pressure on other issuers to either match the fee, match the staking yield pass-through, or explain why their product is worth paying more for.

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