Markets Morgan Stanley Launches Ether and Solana ETFs Following Bitcoin Fund Success
The investment firm introduces low-cost ETH and SOL ETFs after its bitcoin fund surpassed $381 million in assets.
By Helene Braun| Edited by Sheldon Reback Jul 28, 2026, 2:30 p.m. 2 min read
Morgan Stanley has unveiled exchange-traded products (ETPs) that focus on ether (ETH) and solana (SOL), expanding its digital asset portfolio beyond bitcoin.
This announcement came just months after the firm launched its spot bitcoin BTC$63,266.13 fund.
The newly introduced Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) will start trading on NYSE Arca. Both funds will track the CoinDesk Ether Benchmark 4PM NY Settlement Rate and CoinDesk Solana Benchmark 4PM NY Settlement Rate, allowing investors to gain exposure to these cryptocurrencies without directly holding the tokens.
The introduction of these funds aligns with a trend among major asset managers to enhance their cryptocurrency offerings in response to increasing investor interest. Following the launch of spot bitcoin ETFs in the U.S. in January 2024, firms have progressively ventured into other digital assets, establishing ether products as a staple and positioning solana as a competitive frontier. Currently, there are eight SOL ETPs listed by SoSoValue, boasting total net assets of $889.3 million.
According to Amy Oldenburg, head of digital asset strategy at Morgan Stanley, "Digital assets are becoming an increasingly important component of diversified investment portfolios. As client interest in digital assets continues to grow, we're focused on providing a range of digital asset solutions that allow investors to diversify their portfolios across traditional and decentralized asset classes while also adhering to Morgan Stanley's standards for governance, infrastructure, and risk management."
Both new products charge a competitive 0.14% expense ratio, the lowest in the market. They also plan to stake a portion of their ether or SOL holdings, passing any staking rewards directly to investors instead of retaining them.
This expansion builds on the Morgan Stanley Bitcoin Trust (MSBT), which launched earlier this year and had accumulated over $381 million in assets under management by July 16. The bitcoin fund tracks the CoinDesk Bitcoin Benchmark Rate.
In the competitive landscape, BlackRock, known for managing the largest spot bitcoin ETF, recently introduced its first crypto income ETF, catering to clients seeking steady income from long-term bitcoin investments.
Morgan Stanley benefits from a significant distribution advantage, with its wealth management division comprising around 16,000 financial advisors overseeing more than $9 trillion in client assets, alongside its ownership of E*TRADE, which connects the firm to millions of self-directed investors.
Morgan StanleyETFs Related Assets Bitcoin$63,266.131.91% Latest Crypto News