Galaxy Powers Staking for Morgan Stanley Investment Management's New Ethereum and Solana ETPs

NEW YORK — August 18, 2026 — Galaxy today announced that Morgan Stanley Investment Management has selected Galaxy as one of the approved validators to power staking for two new digital asset exchange-traded products (ETPs): Morgan Stanley Ethereum Trust (NYSE Arca: MSSE) and Morgan Stanley Solana Trust (NYSE Arca: MSOL).¹ 

MSSE and MSOL seek to track the performance of ETH and SOL, respectively, and each intends to stake a portion of its holdings through institutional validators, including Galaxy, passing the resulting staking rewards to shareholders through regular distributions. Galaxy is one of three firms selected to support staking across the two products.  

"Ethereum and Solana have different validator requirements, different client bases, different risk considerations," said Steve Kurz, Global Co-Head of Digital Assets at Galaxy. "Morgan Stanley Investment Management evaluated us against both networks, separately, and came back with the same answer twice. That's the kind of diligence institutional capital requires, and it's exactly the standard we built this business to meet." 

Morgan Stanley Investment Management’s selection extends Galaxy's role as a staking infrastructure provider to a growing list of major asset managers. It reflects a broader shift as banks and asset managers that once may have treated digital assets as a space to watch are now choosing infrastructure already proven at an institutional scale to do it.