Morgan Stanley launched two new exchange-traded products, the Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL), on July 28, 2026. These ETPs debuted on NYSE Arca, offering investors both spot exposure and the ability to earn staking rewards within a single product. The combination of direct crypto ownership and staking yield positions these trusts uniquely in the market.
Innovative Structure and Fee Transparency
The Morgan Stanley ETPs are designed to blend the benefits of holding cryptocurrency with an integrated staking mechanism. MSSE typically stakes between 50% and 80% of its Ethereum holdings, while MSOL has the potential to stake up to 100% of its Solana assets. Transparency is a priority as both funds will disclose their current staking percentages daily. With an expense ratio of 0.14%, these products aim to attract institutional investors seeking low-cost, yield-generating exposure to major cryptocurrencies without the complexities of self-custody.
Staking Operations and Reward Distribution
Figment serves as the selected validator and staking provider for both trusts, ensuring professional management of the staking process. Investors can expect approximately 95% of staking rewards to be passed through, after deducting validator fees and fund expenses. This structure differs sharply from standard crypto funds or simply buying tokens outright, as it blends asset appreciation potential with income generation through staking. The real test now lies in live market conditions and the actual performance of the staking validators, which will determine how closely returns match investors’ expectations.
This content is for informational purposes and does not constitute financial advice.
