Morgan Stanley has launched spot Ethereum and Solana exchange-traded products (ETPs), the bank confirmed this week. The move expands its digital asset strategy, giving clients direct exposure to the two cryptocurrencies through traditional brokerage accounts.
Spot exposure for ETH and SOL
The new ETPs hold the underlying assets directly — actual ether and solana tokens — rather than futures contracts. That means investors get price exposure tied to the spot market, without the roll costs or contango that can drag on futures-based products. The products trade on standard exchanges and settle like any other ETF or ETP, the bank said.
A shift in institutional access
Morgan Stanley is one of the largest wealth managers in the world, and its decision to offer spot crypto ETPs signals a deeper embrace of digital assets by traditional finance. Until recently, most big banks limited crypto offerings to futures-based products or private funds for accredited investors. Spot ETPs open the door for a broader base of clients — including retail investors with brokerage accounts — to hold crypto in a regulated, familiar wrapper.
Expanding the lineup
The launch follows the bank's earlier foray into Bitcoin-related products, though Morgan Stanley has not disclosed specific details on those offerings. The addition of Ethereum and Solana suggests the firm sees demand beyond the largest cryptocurrency. Solana, in particular, has drawn attention for its high-speed network and growing ecosystem of decentralized applications. Whether the bank will add more tokens remains an open question — but the move puts pressure on competitors like Goldman Sachs and JPMorgan to respond with similar products.
For now, Morgan Stanley clients can buy and sell the new ETPs through their existing accounts, with no separate crypto wallet required. The bank has not said whether it plans to offer direct custody of the underlying tokens.
