Morgan Stanley Launches Ethereum and Solana ETPs With 0.14% Expense Ratio: how 15 outlets split
Morgan Stanley Investment Management launched two crypto ETPs on NYSE Arca on July 28, 2026, the Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL). They began trading July 28 and track ETH and SOL using CoinDesk 4PM settlement benchmarks. Both have a 0.14% expense ratio and plan to stake part of holdings, passing staking rewards to investors.
How this was made
The 30-second read
Why it matters
The key new tradable fact is the start of trading for two new NYSE Arca ETPs with defined expense ratio (0.14%), benchmark methodology (CoinDesk 4PM NY settlement rates), and staking rewards passed through to investors.
Market read
Traders can treat this as a fresh product-launch catalyst for ETH and SOL exposure vehicles, potentially affecting near-term ETP demand and sentiment, while underlying crypto prices remain the dominant driver.
What to watch
Staking mechanics, custody/operational details, and potential tracking differences versus the CoinDesk 4PM settlement benchmark could affect investor outcomes more than the expense ratio.
Background
Morgan Stanley previously launched a spot Bitcoin trust (MSBT) and is now extending its regulated crypto ETP lineup to Ethereum (MSSE) and Solana (MSOL).
Ticker impact
Morgan Stanley Investment Management launched two new crypto ETPs, MSSE and MSOL, on NYSE Arca with a 0.14% expense ratio.
Moderately positive bias for MS via incremental AUM/fee narrative, though likely limited near-term impact versus broader market moves.
The article discloses a concrete product launch (new listings, expense ratio, staking pass-through), but provides no flows, guidance, or financial magnitude beyond AUM claims for the suite.
Market effects
Adds competitive pressure in the spot-crypto ETP wrapper space (ETH and SOL specifically) and reinforces staking pass-through as a product feature.
US-listed NYSE Arca ETP access may broaden US investor participation in ETH and SOL.
Could influence global crypto ETP flows and benchmark-linked pricing expectations for ETH and SOL exposure products.
Counterpoint
Without reported initial AUM or flow data, the launch may have limited immediate impact beyond product headlines, with performance dominated by ETH and SOL price moves.
Key entities
- crypto ETPMorgan Stanley Ethereum Trust (MSSE)
Launched July 28, 2026 on NYSE Arca, tracking ether via CoinDesk Ether Benchmark 4PM NY settlement rate, 0.14% expense ratio, staking rewards passed through.
- crypto ETPMorgan Stanley Solana Trust (MSOL)
Launched July 28, 2026 on NYSE Arca, tracking Solana via CoinDesk Solana Benchmark 4PM NY settlement rate, 0.14% expense ratio, staking rewards passed through.
- issuerMorgan Stanley (MSIM)
Investment Management arm launching the ETPs and stating it will not retain staking rewards.
