Morgan Stanley launches Ether and Solana ETPs with staking rewards

2 min read
Morgan Stanley launches Ether and Solana ETPs with staking rewards
PrimeXBT Editorial Team
Reviewed by PrimeXBT

Topics in article

Morgan Stanley Investment Management has launched exchange-traded products tracking Ether and Solana, taking its fund lineup beyond Bitcoin. Both trusts charge a 0.14% expense ratio and intend to stake part of their holdings, with the rewards passed through to investors.

Morgan Stanley Investment Management has launched Ether and Solana exchange-traded products, expanding its fund lineup beyond Bitcoin. The two funds trade on NYSE Arca as the Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL).

Staking rewards go to investors in full

The trusts seek to track the performance of Ether and Solana using the CoinDesk Ether Benchmark 4PM NY Settlement Rate and CoinDesk Solana Benchmark 4PM NY Settlement Rate, respectively. Both carry a 0.14% expense ratio and intend to stake a portion of their holdings, with staking rewards passed through to investors.

Morgan Stanley said it will not retain any portion of the staking rewards earned by either fund.

The launch follows a spot crypto rollout at E*TRADE

Before this, the firm rolled out spot cryptocurrency trading on its E*TRADE platform earlier this month, allowing eligible clients to buy, sell and hold Bitcoin, Ether and Solana through a partnership with crypto infrastructure provider Zero Hash.

That followed April’s launch of the Morgan Stanley Bitcoin Trust (NYSE Arca: MSBT), which made the firm the first major US commercial bank to offer a spot Bitcoin ETF. The Bitcoin fund held more than $381 million in assets under management as of July 16, according to the company.

Source: Cointelegraph.com News

Trading involves risk.

Most traded markets

XAU / USD
-0.9% 4,127.61
BRENT
+1.35% 73.620
BTC / USD
+0.7% 63,151.2
EUR / USD
-0.12% 1.14269
USTEC
-0.91% 29,428.7
XAU / USD.24
-0.9% 4,127.61
View all markets

Author

PrimeXBT
Our Editorial Team consists of leading experts with a proven record in the fields of trading, cryptocurrencies, blockchain and finance. We thoroughly research the sources of information in order to provide readers with quality content that serves edu...
Read author’s articles
Alert Triangle Risk Disclaimer
Disclaimer: Some past publications may be outdated. We recommend following our news to stay up to date with the latest information. For any questions, feel free to contact our support team via the chat below.
The content provided here is for informational purposes only. It is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results.
The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.

Today in markets

Browse Crypto News

Register Now

Trading involves risk

Get started in minutes

Our clients love how fast and simple our sign-up is. It takes just a few minutes to get started!

Get Started Get Started
Get started in minutes

Need Help?

Risk Warning:
Trading in leveraged products carries a high level of risk and may not be suitable for all investors.