Morgan Stanley's freshly launched Ethereum and Solana ETFs pulled in a combined $33 million in net inflows on their second day of trading, with the Solana fund accounting for the bulk of the action. The two funds — MSSE (Ethereum) and MSOL (Solana) — are the latest crypto products from a Wall Street giant that manages $2 trillion in assets.
MSSE and MSOL by the numbers
MSOL, the Solana ETF, brought in $19.03 million in net inflows on July 30. That represented all net inflows into any US-listed Solana ETF that day. MSSE, the Ethereum fund, added $14.03 million, edging out BlackRock's ETHA on the same day. Combined, the two funds now manage about $20 million in assets.
Both ETFs charge an expense ratio of 0.14%, near the low end for their respective categories. They also stake a portion of their holdings, distributing the staking rewards to shareholders — a feature that sets them apart from some competitors.
A bright spot in a mixed ETF day
The broader Ethereum ETF category saw roughly $19 million in net outflows on the same day, making MSSE's $14 million inflow a relative bright spot. Total net inflows into Ethereum ETFs since their launch stand at $11.19 billion. For Solana ETFs, the picture is smaller but growing: other Solana ETFs have combined net assets of about $842 million.
Morgan Stanley's Bitcoin ETF, which launched earlier in 2025, has gathered roughly $400 million in assets. The firm's new altcoin ETFs reflect a wider shift among US asset managers toward products beyond Bitcoin.
Morgan Stanley's crypto push
With about 16,000 financial advisers and $2 trillion in assets under management, Morgan Stanley is one of the largest wealth managers to offer crypto ETFs directly. The first-day combined trading volume for MSSE and MSOL was roughly $38 million, signaling early demand from both retail and institutional clients.
The launch comes as more traditional asset managers test the waters with altcoin ETFs, a category that barely existed a year ago. Whether the momentum holds will depend on investor appetite for staking yields and the broader crypto market's direction — but for now, Morgan Stanley's second-day numbers suggest its clients are paying attention.
