Morgan Stanley Investment Management began trading two new exchange-traded products tied to ether and solana on NYSE Arca on July 28. The Morgan Stanley Ethereum Trust, under ticker MSSE, and the Morgan Stanley Solana Trust, under ticker MSOL, give investors regulated exposure to the cryptocurrencies without direct token ownership or private-key management.

Both products track CoinDesk benchmark rates based on 4 p.m. New York settlement prices. They carry an annual expense ratio of 0.14 percent, described across reports as the lowest available in their categories at launch. The structure allows staking of a portion of holdings, with rewards intended to pass through to shareholders rather than remain with the issuer.

Expansion Beyond Bitcoin

The new trusts follow the Morgan Stanley Bitcoin Trust, which launched earlier in 2026 and had accumulated more than $381 million in assets under management by mid-July, with some figures citing cumulative net flows above $400 million. That bitcoin product also tracks a CoinDesk benchmark and marked the first cryptocurrency exchange-traded product from a U.S. bank-affiliated asset manager.

MSSE and MSOL represent the firm’s first offerings for ether and solana in this format. Fund filings indicated each trust entered the market with 50,000 shares outstanding and initial assets slightly above $1 million. Authorized participants can create and redeem shares as demand develops.

Staking Features and Fee Competition

Both products plan to stake portions of their underlying holdings to generate network rewards. Filings indicate the ether trust may stake between 50 percent and 80 percent of its assets, while the solana trust may stake up to 100 percent. Providers named in related materials include Figment, Galaxy’s blockchain infrastructure business, and Coinbase Canada. Service providers and custodians may retain up to 5 percent of rewards, with the balance allocated to the funds.

Staking introduces operational considerations such as temporary unavailability during network entry and exit periods, along with potential penalties for validator errors. The firm has indicated it will stake less than full holdings in practice. The combination of a 0.14 percent fee and pass-through staking positions the products as competitive against existing ether and solana funds.

Prior to the launch, approximately eight solana-linked exchange-traded funds were already listed, with combined net assets near $889 million. Ether products have been established longer. The low fee is expected to increase pressure on rival managers regarding pricing and reward distribution.

Distribution Reach and Market Context

Morgan Stanley enters with a sizable distribution network. Its wealth management arm includes roughly 16,000 financial advisors overseeing more than $9 trillion in client assets. Ownership of the E*TRADE platform provides additional access to self-directed investors. The firm has also rolled out spot trading of bitcoin, ether, and solana on E*TRADE and has applied to establish a national trust bank focused on digital assets.

The listings arrive amid mixed flows into crypto exchange-traded products. Bitcoin funds recorded consecutive sessions of net outflows after an earlier streak of inflows. Ether funds posted net inflows on most recent trading days, while solana products showed a mix of inflows and flat sessions. Broader market prices for the underlying assets have faced selling pressure in the period surrounding the debut.

Analyst commentary has noted the significance of the launches given the firm’s adviser network and platform reach, describing them as notable additions relative to earlier ether and solana products. Initial trading volumes and subsequent asset accumulation will indicate investor response to the fee level, staking structure, and brand distribution.

Morgan Stanley’s wider exchange-traded product business oversees more than $14 billion across 22 products. The new ether and solana trusts extend that lineup into additional digital assets while maintaining the same regulated brokerage access already available for the firm’s bitcoin offering.