Overview
- Morgan Stanley listed the Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) on NYSE Arca on July 28, offering spot exposure with staking integrated from launch.
- Both products charge a 0.14% annual fee and pass nearly all staking rewards to investors, with filings saying roughly 95% of gross rewards flow to the trusts and about 5% covers service providers.
- MSSE intends to stake between 50% and 80% of its ETH holdings while MSOL may stake up to 100% of its SOL holdings, with base reward rates cited near 1.7% for ETH and 3.4% for SOL.
- Custody and staking operations are handled by institutional partners named in filings, including Figment, Galaxy and Coinbase with custodians such as BNY Mellon, and shareholders cannot withdraw tokens to personal wallets.
- The funds saw measurable first‑day activity with roughly $38 million in combined turnover, but incumbents still hold far larger AUM and deeper liquidity so inflows, trading volume and staking mechanics will determine how much market share Morgan Stanley captures.