After Bitcoin Success, Morgan Stanley Bets Bigger On Ethereum And Solana ETFs

The launch comes on the heels of the firm’s Bitcoin Trust (MSBT), now with more than $381 million in assets under management.

• Morgan Stanley has expanded beyond Bitcoin, introducing its first exchange-traded products for U.S. investors in Ethereum and Solana.
• New trusts MSSE and MSOL to trade on NYSE Arca, with BNY Mellon as trustee and Coinbase Custody as crypto asset custodian
• The move reflects growing institutional interest in crypto investment products beyond Bitcoin, giving Morgan Stanley’s wealth management network direct access to Ethereum and Solana exposure.

Morgan Stanley (MS) Investment Management announced on Tuesday that it expanded its digital asset suite beyond Bitcoin (BTC) for the first time, launching two new exchange-traded products that track Ethereum (ETH) and Solana (SOL).

Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) began trading on the New York Stock Exchange (NYSE) Arca. Both products were registered with the US Securities and Exchange Commission (SEC) with prospectuses filed under Form 424B3. Both trusts have named Bank of New York Mellon (BNY) and Coinbase (COIN) Custody Trust Company as trustees.

Bitcoin Trust Set The Template

The launches followed Morgan Stanley's Bitcoin Trust (MSBT) in April, which the firm had described as the first cryptocurrency ETP offered by a US bank-affiliated asset manager. Morgan Stanley’s Bitcoin ETF To Launch On Wednesday With Lowest Fee In Market