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Morgan Stanley debuts Ethereum and Solana ETPs with staking benefits
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FXStreet Forex & Commodities News
Morgan Stanley has launched two spot exchange-traded funds (ETFs) offering investors exposure to Ethereum (ETH) and Solana (SOL), expanding the firm's range of cryptocurrency investment products.
Morgan Stanley rolls out ETFs for Ethereum and SolanaThe Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) have begun trading on the NYSE Arca, providing exposure to the spot prices of Ethereum (ETH) and Solana (SOL).
Morgan Stanley noted that it will not retain any portion of the rewards generated by either fund.
The launch expands Morgan Stanley's cryptocurrency ETF offering following the introduction of the Morgan Stanley Bitcoin Trust (MSBT) earlier this year.
Morgan Stanley's low fees could boost its altcoin productsBloomberg senior ETF analyst Eric Balchunas commented on the launch, citing Morgan Stanley's extensive distribution network and the low fees on the new funds.