Morgan Stanley joined the fray of issuers offering crypto products that track the performance of solana and ethereum late last month after launching a similar bitcoin product in April. The Morgan Stanley products have an expense ratio of just 0.14%, which, among solana products, is several basis points lower than existing offerings from Grayscale and Bitwise, whose Solana staking ETFs have fees of 0.19% and 0.20%, respectively. “So that’s another huge catalyst for Morgan Stanley to launch these [funds].” The largest Solana staking ETF currently available in terms of AUM is the Bitwise Solana Staking ETF (BSOL), which oversees approximately $600 million. Some lower-fee products, like the Grayscale Bitcoin Mini Trust (BTC) and the Morgan Stanley Bitcoin Trust (MSBT), have seen inflows, Islam said.