Morgan Stanley Launches Ethereum and Solana ETPs with 0.14% Fees

Morgan Stanley Investment Management took another bold step in the crypto arena by unveiling two new exchange‑traded products (ETPs) tracking Ethereum and Solana.

Opening a New Institutional Door to Digital Assets

The banking giant expands its digital‑asset playbook with trusts that give investors direct exposure to two of the most actively traded blockchain networks, intensifying the race among institutions to offer crypto access.

Fee Structure and Scale: 0.14% Expense Ratio

Cost transparency and the current asset base are key metrics that will shape investor appetite.

■Expense ratio: 0.14%

■Existing Bitcoin Trust assets: $381 million (as of July 16)

■Morgan Stanley’s ETF/ETP platform: $14 billion in assets across 22 products

■Initial capital raise for the new trusts: $? (not disclosed)

Staking Yields Added to Investor Returns

Both trusts will stake a portion of their underlying crypto holdings and pass the network rewards directly to shareholders, delivering a dual‑source return profile.

■Staking rewards are fully passed through the fund.

■Morgan Stanley retains 0% of those rewards.

■Investors capture both price movement and network‑generated yield.

Market Impact and Competitive Positioning

Through the recent E*TRADE integration, clients can now trade the assets spot and via ETPs, offering two distinct pathways to the same exposure and strengthening the bank’s foothold in the institutional crypto market.

■Spot trading available via E*TRADE.

■Passive exposure through ETF/ETP vehicles.

■Competitors lagging on similar offerings, giving Morgan Stanley a first‑mover edge.

■Potential surge in institutional demand and liquidity inflows.

Contribution to Morgan Stanley’s Balance Sheet

The launch also reflects on the firm’s equity performance and the broader crypto price environment.

■Morgan Stanley stock price: $211.70

■Ethereum (ETH) price: $1,896.25

■Solana (SOL) price: $73.80

Ege Kaan Analysis: This move positions Morgan Stanley to capture a broader slice of the institutional crypto pie by offering both spot and ETP channels, enhancing liquidity and broadening the investor base. Full pass‑through of staking rewards combined with a low 0.14% fee creates a compelling total‑return proposition. Nevertheless, volatility and regulatory risk remain, so investors should keep crypto exposure within a diversified portfolio. If the trusts scale successfully, they could set a new benchmark for crypto‑ETF/ETP products.