Morgan Stanley Investment Management has quickly outrun all the disadvantages it might have had as a crypto latecomer, with it new cryptocurrency staked ETPs.
On July 28, 2026, the firm listed the Morgan Stanley Ethereum Trust (NYSE Arca: MSSE) and Morgan Stanley Solana Trust (NYSE Arca: MSOL), each carrying a 0.14% expense ratio — matching the lowest sponsor fee in the category and undercutting most rivals built by crypto-native issuers.
Both products track CoinDesk’s 4 p.m. New York settlement benchmarks for ether and SOL, and both will stake a portion of their holdings, with MSOL able to stake up to 100% of its SOL. Crucially, Morgan Stanley has committed to keeping none of the resulting rewards: staking income flows entirely to shareholders.
That commitment follows April’s Morgan Stanley Bitcoin Trust (MSBT), which has already pulled in more than $381 million in assets. Combined with MSSE and MSOL, the bank’s ETF and ETP lineup built since 2023 now exceeds $14 billion.
“Since introducing our first ETFs in 2023, we’ve built a diversified suite of ETFs and ETPs that now exceed $14 billion in assets under management,” said Ally Wallace, Morgan Stanley’s Global Head of ETFs. “The addition of MSSE and MSOL reflects the natural evolution of our product suite, which seeks to provide simplified access to digital assets through the ETP wrapper.”
Besides obvious expansion of digital asset availability for the firm’s customers this offering brings, PaySpace Magazine Global believes the more consequential detail is that a major bank-sponsored ETP is now passing through protocol-level staking yield rather than competing purely on custody convenience or brand trust.
That’s a different competitive axis than the one crypto ETPs have fought on for the past two years, and it puts Morgan Stanley in more direct competition with staking-as-a-service platforms and yield-bearing stablecoin products — the same category payments and treasury-adjacent fintechs have been watching as a model for idle-balance yield.
MSSE and MSOL arrive weeks after Morgan Stanley completed the rollout of spot crypto trading on ETRADE through infrastructure provider Zero Hash, giving roughly 8.6 million retail brokerage clients direct access to Bitcoin, Ethereum, and Solana alongside their equities. Retail exposure through ETRADE, institutional and advisor-channel exposure through the ETP suite, and yield capture through staking pass-through now form one coordinated pipeline rather than three separate product launches.
For payments and fintech operators, the signal worth tracking is that a regulated, bank-branded wrapper can now offer both exposure and yield at a lower cost basis than most alternatives, a combination that previously required going outside traditional custody rails entirely.
