Morgan Stanley (MS) Stock: Launches Lowest Fee Ethereum and Solana ETFs With Staking Rewards
TLDR
- Morgan Stanley launched spot Ethereum and Solana ETFs with 0.14% sponsor fees.
- Both new crypto funds will stake ETH and SOL to generate additional rewards.
- The launches expand Morgan Stanley’s digital asset ETP lineup to three funds.
- Morgan Stanley’s ETF platform now manages more than $14 billion in assets.
- MS stock fell 1.60% to $211.13 despite the major crypto ETF expansion.
Morgan Stanley (MS) shares fell 1.60% to $211.13 after early selling pressure before recovering part of the losses. Meanwhile, Morgan Stanley Investment Management expanded its digital asset offerings with new spot Ethereum and Solana exchange-traded products. The launches introduce the market’s lowest-fee spot Ethereum and Solana funds while adding staking rewards to both products.
Morgan Stanley launches spot Ethereum ETF with staking rewards
Morgan Stanley Investment Management launched the Morgan Stanley Ethereum Trust under the ticker MSSE on NYSE Arca. The exchange-traded product tracks ether through the CoinDesk Ether Benchmark 4PM NY Settlement Rate. Additionally, the fund carries an expense ratio of 0.14%, placing it below competing spot Ethereum products.
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