Morgan Stanley Ethereum Trust Sponsor Director Resigns – Minichart

Morgan Stanley Investment Management launched the Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) on July 28. First-day trading totaled about $38 million, with MSSE net inflows of $5.15 million and MSOL net outflows as Solana funds saw $18.1 million in redemptions. Both charge 0.14% plus staking costs and support staking.

Morgan Stanley Investment Management launched Ethereum and Solana ETPs, the Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL), on NYSE Arca. The trusts track ETH and SOL via CoinDesk 4 p.m. benchmarks and charge 0.14% expense ratios. Both plan to stake part of assets and pass rewards to investors. Morgan Stanley said it will not retain rewards.

Trilogy Metals (TMQ) has finalized agreements with the U.S. Department of War for a $35.6M equity investment. The funds will advance the Upper Kobuk Mineral Projects in Alaska, with the DOW gaining a 10% stake. The transaction is expected to close in September 2026, subject to conditions. South32 (S32) will also reinvest its proceeds into the project.

GlobalFoundries Inc. secured a $1.5 billion revolving credit facility maturing in 2031, with extension options. The facility, led by JPMorgan Chase, will fund corporate purposes and has ratings-based interest margins. The company also terminated its prior $1.02 billion facility, extending liquidity and increasing credit capacity.

Blue Owl Capital (OWL) announced a $2.4B financing deal for IREN, including $1.2B in loans and $1.2B in notes. The funds are for compute equipment. According to Blue Owl, the financing will support IREN's growth initiatives. OWL is publicly traded on the NYSE.

Getty Images (GETY) is appealing a $92.3M judgment from a lawsuit over breaches of warrant agreements. The company has entered a standstill agreement with plaintiffs, making a partial payment of $4.15M. The company also flagged going-concern risks in its SEC filing.