Morgan Stanley launched spot Ethereum and Solana exchange-traded funds on Tuesday, both charging a 0.14% sponsor fee that represents the lowest rate in the market. The Ethereum fund (MSSE) and Solana fund (MSOL) trade on the New York Stock Exchange, undercutting Grayscale's Mini Ethereum Trust at 0.15% and Franklin Templeton's Solana ETF at 0.19%. The launch expands Morgan Stanley's ETF suite, which now exceeds $14 billion in assets under management, and follows approximately two and a half years after BlackRock, Fidelity, and other firms introduced the first US-based spot bitcoin ETFs.
Morgan Stanley Sets Market-Lowest Fees for Ethereum and Solana ETFs
The firm's Ethereum fund trades under the ticker symbol MSSE on the New York Stock Exchange, while the Solana fund trades as MSOL. Both products charge a 0.14% sponsor fee, according to data from SoSoValue. This fee structure positions Morgan Stanley below Grayscale's Mini Ethereum Trust, which charges 0.15%, and Franklin Templeton's Solana ETF, which costs 0.19%.
Bloomberg Senior ETF Analyst Eric Balchunas noted that Morgan Stanley's bitcoin-based spot ETF brought in approximately $400 million in four months despite launching in a bearish market.
Funds Integrate Staking to Generate Additional Returns
Morgan Stanley stated it will stake a share of the funds' ETH and SOL holdings to earn staking rewards. This integration allows the ETFs to generate additional returns from the underlying digital assets held in the funds.
Morgan Stanley's ETF Portfolio Surpasses $14 Billion in Assets
"Since introducing our first ETFs in 2023, we've built a diversified suite of ETFs and ETPs that now exceed $14 billion in assets under management," Morgan Stanley's Global Head of ETFs Ally Wallace said in a statement. "The addition of MSSE and MSOL reflects the natural evolution of our product suite, which seeks to provide simplified access to digital assets through the ETP wrapper."
Solana ETFs Accumulate Over $900 Million in Assets
The Wall Street firm's launch comes roughly two and a half years after BlackRock, Fidelity, and other firms launched the first US-based spot bitcoin ETFs. Other firms have since launched altcoin ETFs tied to tokens like XRP and HYPE.
As of a week ago, Solana and Hyperliquid ETFs combined to account for nearly 80% of non-BTC and ETH ETF volume. Solana ETFs, cumulatively, had over $900 million in assets under management.
FAQ
What fee does Morgan Stanley charge for its Ethereum and Solana ETFs?
Morgan Stanley charges a 0.14% sponsor fee for both its Ethereum (MSSE) and Solana (MSOL) ETFs, which represents the lowest fee in the market for these products.
How much assets does Morgan Stanley's ETF suite manage?
Morgan Stanley's ETF suite exceeds $14 billion in assets under management as of the launch announcement on Tuesday.
What are the ticker symbols for Morgan Stanley's Ethereum and Solana ETFs?
The Ethereum fund trades under the ticker symbol MSSE on the New York Stock Exchange, while the Solana fund trades as MSOL.
