Key Takeaways
- • Morgan Stanley Investment Management launched two new exchange-traded products: Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) on NYSE Arca, expanding its digital asset ETP suite following the earlier 2026 launch of its Bitcoin Trust (MSBT).
- • Both MSSE and MSOL carry a competitive 0.14% expense ratio and will pass staking rewards directly to investors, with MSIM retaining no portion of earned rewards for itself.
- • Morgan Stanley's cryptocurrency ETP suite now covers three of the largest digital assets by market capitalization (Bitcoin, Ethereum, and Solana), with total ETP assets under management exceeding $14 billion since the firm's ETF debut in 2023.
- • The Bitcoin Trust (MSBT) has accumulated more than $381 million in assets under management as of mid-July 2026, demonstrating institutional investor appetite for bank-affiliated cryptocurrency products.
- • The launches reflect MSIM's strategy to provide simplified digital asset exposure through regulated exchange-traded wrappers as these assets become "an increasingly important component of diversified investment portfolios," according to Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley.
Summary
Morgan Stanley Investment Management announced the launch of two new exchange-traded products tracking Ethereum and Solana on July 28, 2026. The Morgan Stanley Ethereum Trust (ticker: MSSE) and Morgan Stanley Solana Trust (ticker: MSOL) trade on NYSE Arca and seek to track the performance of ether and SOL, the native digital assets of their respective blockchain networks. These launches represent a significant expansion of MSIM's cryptocurrency product offerings and follow the successful debut of the Morgan Stanley Bitcoin Trust (MSBT) earlier in 2026.
The new ETPs feature an expense ratio of 0.14%, positioning them competitively within the digital asset investment product landscape. A distinguishing feature is that both MSSE and MSOL intend to stake a portion of their respective holdings to generate staking rewards, which are passed through entirely to investors. MSIM has explicitly committed to retaining no portion of these staking rewards for itself, aligning investor interests with fund performance. This staking mechanism provides investors with yield-generating exposure to proof-of-stake digital assets through a regulated, bank-affiliated vehicle.
According to Ally Wallace, Global Head of ETFs for Morgan Stanley Investment Management, the firm's ETP suite has grown substantially since its initial ETF launch in 2023, now exceeding $14 billion in assets under management. The Bitcoin Trust alone had accumulated more than $381 million in assets as of July 16, 2026, demonstrating meaningful institutional investor adoption of Morgan Stanley's cryptocurrency products. The sequential launches of Bitcoin, Ethereum, and Solana ETPs reflect what Wallace characterized as "the natural evolution of our product suite," providing streamlined digital asset access through the ETP wrapper structure.
The expansion underscores a strategic positioning by Morgan Stanley in the institutional cryptocurrency market, with Amy Oldenburg, Head of Digital Asset Strategy, noting that "digital assets are becoming an increasingly important component of diversified investment portfolios." By offering spot exposure to three of the largest digital assets by market capitalization through regulated exchange-traded products with institutional-grade custodial and operational infrastructure, MSIM is addressing growing demand from sophisticated investors seeking simplified digital asset allocation within traditional portfolio frameworks.
The new ETPs feature an expense ratio of 0.14%, positioning them competitively within the digital asset investment product landscape. A distinguishing feature is that both MSSE and MSOL intend to stake a portion of their respective holdings to generate staking rewards, which are passed through entirely to investors. MSIM has explicitly committed to retaining no portion of these staking rewards for itself, aligning investor interests with fund performance. This staking mechanism provides investors with yield-generating exposure to proof-of-stake digital assets through a regulated, bank-affiliated vehicle.
According to Ally Wallace, Global Head of ETFs for Morgan Stanley Investment Management, the firm's ETP suite has grown substantially since its initial ETF launch in 2023, now exceeding $14 billion in assets under management. The Bitcoin Trust alone had accumulated more than $381 million in assets as of July 16, 2026, demonstrating meaningful institutional investor adoption of Morgan Stanley's cryptocurrency products. The sequential launches of Bitcoin, Ethereum, and Solana ETPs reflect what Wallace characterized as "the natural evolution of our product suite," providing streamlined digital asset access through the ETP wrapper structure.
The expansion underscores a strategic positioning by Morgan Stanley in the institutional cryptocurrency market, with Amy Oldenburg, Head of Digital Asset Strategy, noting that "digital assets are becoming an increasingly important component of diversified investment portfolios." By offering spot exposure to three of the largest digital assets by market capitalization through regulated exchange-traded products with institutional-grade custodial and operational infrastructure, MSIM is addressing growing demand from sophisticated investors seeking simplified digital asset allocation within traditional portfolio frameworks.
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