Morgan Stanley debuts ether, solana exchange-traded products after bitcoin fund success
Morgan Stanley has launched new exchange-traded products for Ethereum and Solana, following the success of its earlier Bitcoin trust. These products aim to provide institutional and retail investors with exposure to digital assets while maintaining the firm's strict governance and risk management standards.
Why it matters
The expansion of major financial institutions into diverse crypto-asset ETFs signals increasing mainstream adoption and the normalization of digital assets within traditional investment portfolios.
The firm announced Tuesday that the Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) will begin trading on NYSE Arca. The funds track the CoinDesk Ether Benchmark 4PM NY Settlement Rate and CoinDesk Solana Benchmark 4PM NY Settlement Rate, giving investors exposure to the two cryptocurrencies without requiring them to hold the tokens directly.
The funds arrive as large asset managers continue to broaden their crypto offerings in response to growing investor demand. Since the debut of spot bitcoin ETFs in the U.S. in January 2024, firms have steadily expanded into other digital assets, with ether products now well established and solana emerging as the next area of competition. There are already eight SOL exchange-traded funds listed by SoSoValue, with total net assets of $889.3 million .
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