Morgan Stanley Launches Ether and Solana ETPs, Expanding Crypto Suite
MS sits 55% above its 52-week low of $136.17.
Summary
Morgan Stanley Investment Management launched two new exchange-traded products tracking Ether and Solana, building on its April Bitcoin Trust. The Ether Trust (MSSE) and Solana Trust (MSOL) carry a low 0.14% expense ratio and will stake holdings, passing rewards to investors. This follows the bank's recent rollout of spot crypto trading on E*TRADE and its pioneering spot Bitcoin ETF, which had $381M in assets by mid-July. The move deepens Morgan Stanley's crypto footprint, potentially attracting fee-based revenue and reinforcing its competitive position in digital assets. With the Bitcoin Trust already gaining traction, these new products could accelerate asset gathering if crypto demand persists.
At the time of this announcement, MS was trading at $211.01 on NYSE in the Finance sector, with a market capitalization of approximately $333.7B. The 52-week trading range was $136.17 to $232.25. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Cointelegraph.