Morgan Stanley Launches Cheapest ETH and SOL ETFs with Staking

Morgan Stanley is shaking up the crypto investment market by launching two new funds for Ethereum and Solana. These products, trading under the tickers MSSE and MSOL, officially hit the NYSE Arca this week. The bank is offering a record low fee of 0.14%, which is cheaper than any other rival ETH or SOL fund currently available in the United States.

Beyond the low cost, these funds offer a unique benefit by staking their underlying assets to generate extra income for investors. The Ethereum trust plans to stake between 50% and 80% of its holdings, while the Solana trust can stake its entire supply. Morgan Stanley confirmed it will pass all of these rewards directly to shareholders, rather than keeping a portion for itself.

This move is possible thanks to new IRS guidelines that allow these types of funds to pay out rewards without creating a complex tax situation. By combining very low fees with extra yield, the bank is positioning itself as a top choice for both institutional and retail buyers. This follows the success of its Bitcoin fund, which has already attracted over $381 million in assets since its launch earlier this year.