Figment Selected By Morgan Stanley As Staking Provider For New Ether And SOL ETPs
Morgan Stanley Investment Management selected Figment as staking provider for its Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL), which began trading on NYSE Arca. The ETPs integrate staking at launch, targeting about 95% of staking rewards passed to shareholders, with MSSE staking 50% to 80% of ETH and MSOL up to 100% of SOL.
How this was made
The 30-second read
Why it matters
By integrating staking at launch and routing an anticipated 95% of staking rewards to shareholders, the Morgan Stanley-branded ETPs reduce operational friction for institutions and may broaden the investor base for ETH and SOL exposure.
Market read
Staking-enabled US spot ETP wrappers are a structural catalyst for institutional crypto access, potentially supporting incremental demand for ETH and SOL exposure.
What to watch
The article does not provide ETP fee levels, expected net staking yield after expenses, or early AUM/flow data, which are key drivers for near-term price impact.
Background
Spot Ether ETPs began in July 2024 without staking; the article attributes the US path to SEC staff guidance and updated exchange listing standards through 2025.
Ticker impact
Morgan Stanley Investment Management selected Figment as staking provider for Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust, both launching on NYSE Arca with staking at launch.
Likely modest positive read-through for MS via perceived product differentiation, with limited direct near-term impact absent flow/fee details.
The news is about ETP structure and operational setup for MS-branded trusts; however, it provides no ETP AUM, fee changes, or immediate flow data to forecast a large MS move.
The article says the Morgan Stanley Ethereum Trust is a first spot Ether ETP from a major US bank-affiliated manager to include staking from day one.
Mildly positive bias for ETH-USD as staking integration can broaden the buyer base, though magnitude is uncertain without flow data.
The article is a structural product catalyst for Ether exposure, but it does not report actual inflows, staking yield assumptions beyond a pass-through rate, or market-wide adoption.
The Morgan Stanley Solana Trust is launched with staking integrated at launch, with up to 100% of SOL holdings intended to be staked.
Mildly positive bias for SOL-USD as staking integration may attract yield-oriented institutional flows, with limited conviction without AUM/inflow figures.
The article provides concrete staking integration details and intended staking levels, but no reported inflows or fee economics to translate into a precise price impact.
Market effects
Reinforces a shift toward staking-enabled spot crypto ETP wrappers, potentially raising competitive pressure on other issuers to add staking functionality.
US bank-affiliated ETPs with staking may accelerate institutional adoption of crypto exposure through US brokerage channels.
Could influence global ETP product design as other jurisdictions observe US regulatory acceptance of staking in spot ETP structures.
Counterpoint
Staking integration may not translate into meaningful incremental demand if investors already access staking via other vehicles or if net yields are not compelling after costs and slashing risk.
Key entities
- crypto ETPMorgan Stanley Ethereum Trust
Bank-affiliated spot Ether ETP launched on NYSE Arca with staking integrated from day one.
- crypto ETPMorgan Stanley Solana Trust
Bank-affiliated spot Solana ETP launched on NYSE Arca with staking integrated from day one.
- staking providerFigment
Non-custodial institutional staking provider selected by Morgan Stanley Investment Management as staking provider for both trusts.
