Key facts
- Morgan Stanley's spot Ethereum ETF approved for listing on NYSE Arca.
- Morgan Stanley's spot Solana ETF approved for listing on NYSE Arca.
- The Ethereum ETF will trade under the ticker MSSE.
- The Solana ETF will trade under the ticker MSOL.
- Both ETFs will have a sponsor/management fee of 0.14%.
- Both ETFs plan to stake a portion of their digital asset holdings.
Morgan Stanley has secured approval from NYSE Arca to list and trade its spot Ethereum and Solana Exchange Traded Funds (ETFs), signaling a significant step for institutional adoption of digital assets. The filings with the U.S. Securities and Exchange Commission (SEC) pave the way for the potential launch of these products.
The Morgan Stanley Ethereum ETF, set to trade under the ticker MSSE, will feature a sponsor fee of 0.14%. The fund plans to stake between 50% and 80% of its Ether holdings through providers like Figment, Galaxy Blockchain, and Coinbase Canada. Staking rewards will be distributed, with custodians and service providers receiving 5%, and the remaining rewards intended to benefit investors.
Similarly, the Morgan Stanley Solana ETF, which will trade as MSOL, also received approval with a 0.14% management fee. This ETF intends to stake up to 100% of its Solana holdings via the same providers. The distribution mechanism for staking rewards mirrors that of the Ethereum ETF.
These developments follow E*TRADE, a brokerage firm owned by Morgan Stanley, completing the rollout of spot Bitcoin, Ethereum, and Solana trading for its clients. The firm's existing Bitcoin ETF, MSBT, currently holds over $391 million in assets, with recent inflows noted despite broader outflows from spot Bitcoin ETFs.