Morgan Stanley Debuts Ether and Solana ETPs Following Bitcoin Fund's Success
Morgan Stanley has introduced exchange-traded products (ETPs) for Ether (ETH) and Solana (SOL), which will begin trading on NYSE Arca. This move follows the success of the firm's spot Bitcoin fund, the Morgan Stanley Bitcoin Trust (MSBT), which has accumulated over $381 million in assets under management since its debut earlier this year. The new Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) will track the CoinDesk Ether and Solana Benchmark Rates, respectively, offering investors exposure to these cryptocurrencies. Both products feature a low 0.14% expense ratio and plan to stake a portion of their holdings, passing any rewards to investors.
Source:CoinDesk · Source Link
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