Morgan Stanley Launches Ethereum and Solana ETPs, Expanding Crypto Suite
MS sits 58% above its 52-week low of $136.17.
Summary
Morgan Stanley Investment Management launched two new exchange-traded products tracking ether and SOL, building on its earlier Bitcoin Trust. The Ethereum Trust (MSSE) and Solana Trust (MSOL) carry a low 0.14% expense ratio and will stake holdings to earn rewards, with all rewards passed to investors. This follows the successful Bitcoin Trust launch, which has gathered over $381 million in assets. The move deepens Morgan Stanley's digital asset lineup and could attract fee-based revenue as client demand for crypto exposure grows. The firm's overall ETP suite now exceeds $14 billion across 22 products.
At the time of this announcement, MS was trading at $214.49 on NYSE in the Finance sector, with a market capitalization of approximately $338.4B. 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: BusinessWire.