Morgan Stanley rolled out two new exchange-traded products this week, giving institutional investors a way to get spot exposure to Ethereum and Solana — with staking built in. The Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) started trading on NYSE Arca on July 28, 2026. Each carries a 0.14% expense ratio, among the lowest in the crypto ETP space.
How the staking works
Figment is the staking provider and validator for both funds. MSSE will typically stake between 50% and 80% of its ETH holdings, while MSOL may stake up to 100% of its SOL. The trusts plan to publish the current staked percentage daily. Shareholders get 95% of staking rewards passed through; the remaining 5% covers operational costs.
Who these products are for
The structure is an exchange-traded trust offering spot exposure — no wallets, no self-custody. Morgan Stanley is targeting advisors who want crypto in client portfolios without managing private keys, and corporate treasuries that can't hold assets directly. The staking component means investors don't have to chase yield separately.
This isn't Morgan Stanley's first crypto ETP — the bank already has a Bitcoin trust — but adding staking to an Ethereum and Solana product is a step forward for yield integration in a regulated wrapper. The 0.14% fee undercuts many competing products, and the NYSE Arca listing gives it mainstream exchange visibility. The timing also comes as the SEC has been more receptive to staking in ETP structures this year.
Both trusts are live and trading. The daily staked percentage figures will start appearing on the product pages this week. Whether other major banks follow with similar staking-integrated ETPs will depend on how quickly MSSE and MSOL gather assets under management.
