Wu Blockchain stated that Morgan Stanley Investment Management launched two cryptocurrency ETPs with staking: the Morgan Stanley Ethereum Trust, identified as MSSE, and the Solana Trust, under the ticker MSOL. According to the publication, the products debuted on NYSE Arca and mark an expansion of the manager's offering in the digital assets segment.
According to Wu Blockchain, both the ether-linked product and the solana-linked product have an expense ratio of 0,14%. The publication also points out that the two vehicles intend to stake part of the reserves in ETH and SOL, while Morgan Stanley will not keep any of the rewards generated by this process. According to the profile, the firm's crypto ETP lineup now covers bitcoin, ether and solana, adding the new launches to the already existing bitcoin product, MSBT.
Morgan Stanley Launches Ether and Solana ETPs With Staking Morgan Stanley Investment Management launched the Morgan Stanley Ethereum Trust (MSSE) and Solana Trust (MSOL) on NYSE Arca, each carrying a 0.14% expense ratio. Both products intend to stake a portion of their ETH and SOL holdings, with Morgan Stanley retaining none of the staking rewards. Together with its existing bitcoin product MSBT, the firm’s crypto ETP lineup now covers BTC, ETH and SOL.
In the framework described by Wu Blockchain, the move places ether and solana alongside bitcoin within the same Morgan Stanley cryptocurrency ETP shelf. The central information in the post is the expansion of this offering with two new listed products and a structure that includes partial staking of the assets held in the portfolio.
The publication also draws attention to the combination of exposure to ETH and SOL and the staking mechanism within these ETPs, in addition to the indication that the manager will not retain the rewards associated with this activity. Based only on what was reported in the post, this places the launch as a step in expanding Morgan Stanley's presence in this type of product, now covering three cryptoassets in its lineup mentioned by Wu Blockchain.