- Funds Morgan Stanley's MSSE and MSOL began trading on the NYSE Arca exchange.
- Morgan Stanley's 0,14% fee is the lowest among ETH and SOL spot funds.
Morgan Stanley, a US bank, announced the launch of spot exchange-traded funds Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust on the NYSE Arca exchange under the tickers MSSE and MSOL, respectively.
According to SoSoValue , ETH and SOL ETFs charge the lowest fees in the market at just 0,14%. By comparison, Grayscale's Mini Ethereum Trust charges 0,15%, and Franklin Templeton's Solana ETF charges 0,19%.
Morgan Stanley will also stake a portion of the funds' assets in ETH and Solana to earn staking rewards . MSSE plans to stake 50% to 80% of its Ethereum. MSOL will lock up to 100% of its assets in Solana . Staking providers include Figment, a division of the Galaxy blockchain infrastructure company, and Coinbase Canada.
Since launching our first ETFs in 2023, we have built a diversified suite of ETFs and ETPs with assets under management now exceeding $14 billion. The addition of MSSE and MSOL reflects the natural evolution of our product suite, which aims to provide simplified access to digital assets through an ETP wrapper, said Ellie Wallace, head of ETFs at Morgan Stanley .
Previously edited Happy Coin News Reported, that a few months ago the bank launched its spot Bitcoin- a fund that, according to words Bloomberg analyst Eric Balchunas, brought the issuer almost $400 million. And this despite the fact that the product was launched during a bear market.
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