Morgan Stanley launched spot Ethereum and Solana ETF at a fee of only 0.14%
Morgan Stanley launched spot Ethereum and Solana ETF on the New York Stock Exchange Arca market with a management fee of 0.14%. Both ETFs return pledge proceeds to investors, of which Solana Fund can pledge all of its positions. These new funds expand Morgan Stanley's digital asset product line while becoming the lowest-priced spot Ethereum and Solana ETF in the U.S. market.
Morgan Stanley Investment Management has launched the "Morgan Stanley Ethereum Trust" and "Morgan Stanley Solana Trust" on the New York Stock Exchange Arca market, further enriching its digital asset exchange-traded product lineup. The two funds started trading on July 28 with a management fee ratio of 0.14%. Analyst Nate Geraci pointed out that this makes it the lowest-priced spot Ethereum and Solana ETF in the United States.
New fund expands cryptocurrency product line
New product trading codes are MSSE and MSOL respectively. They track the CoinDesk Ethereum benchmark price (4pm New York) and the CoinDesk Solana benchmark price (4pm New York). According to Morgan Stanley Investment Management, the launch of these two products follows the listing of Morgan Stanley Bitcoin Trust earlier this year. As of July 16, the Bitcoin fund's asset management scale exceeded US$381 million.
Ally Wallace, global head of ETFs at Morgan Stanley Investment Management, said the new products reflect the continued expansion of the company's exchange-traded product line. The company currently manages more than $14 billion in assets across 22 ETFs and ETP products.
Pledge proceeds are returned to investors
Both funds plan to pledge some of their digital asset positions. Morgan Stanley said investors will receive pledge rewards and the company will not retain any shares. Registration documents show that Ethereum funds may pledge 50% to 80% of their positions. At the same time, Solana Fund can pledge all of its assets through providers such as Figment, Galaxy and Coinbase Canada. These products follow the tax process 2025-31, which provides safe harbor rules for the pledge of single-asset exchange-traded products under certain conditions.
Rates trigger competition
The 0.14% management fee rate is lower than similar products. Previously, Grayscale's Mini Ethereum Trust became the lowest Ethereum ETF with a 0.15% rate, while Franklin Templeton's SOEZ charged a 0.19% fee on the spot Solana ETF. Amy Oldenburg, head of digital asset strategy at Morgan Stanley, said client demand for digital assets continues to grow. She added that the company aims to provide diversified investment options while maintaining its standards in governance, infrastructure and risk management. According to Nate Geraci, Morgan Stanley now offers the lowest rates in spot Bitcoin, Ethereum and Solana ETFs on the market.

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