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\n\t\t\t\t\t\t\t\t\tMorgan Stanley has launched Ethereum and Solana ETFs with a 0.14% fee, making them the cheapest ETH and SOL funds in the US. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The investment banking giant has begun trading for the Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL) on NYSE Arca on July 28.<\/p>\n
Both funds are priced at a 0.14% expense ratio, which undercuts every rival ETH and SOL product on the US market, as CryptoPotato covered<\/a> the amended filings that locked in the 14 basis point figure earlier this month.<\/p>\n Notably, Grayscale\u2019s Mini Ethereum Trust held the previous low mark among ETH funds at 0.15%. Franklin Templeton\u2019s SOEZ was the cheapest SOL fund at 0.19%.\u00a0Bloomberg ETF analyst Eric Balchunas said at the time that the pricing made the two funds \u201cthe cheapest in the U.S. and world.\u201d<\/p>\n Both trusts stake a share of their holdings and hand the rewards back to shareholders.<\/p>\n \u201cMSIM will not retain any portion of the rewards earned by either ETP for itself,\u201d the firm said in its announcement<\/a>. The registration docs put the staking targets at 50% to 80% of ETH holdings and up to 100% of SOL, run through Figment, Galaxy and Coinbase Canada, with provider service fees capped at 5%.<\/p>\n The Treasury and the IRS published<\/a> the Revenue Procedure 2025-31 in November, a safe harbor that lets an exchange-traded product stake a single proof-of-stake asset and pass rewards to investors without a separate tax charge.<\/p>\n The conditions include a third-party custodian holding private keys, an independent staking provider, and SEC approval of the disclosures.<\/p>\n MSSE tracks the CoinDesk Ether Benchmark 4 PM NY Settlement Rate. MSOL tracks the CoinDesk Solana Benchmark at the same cutoff. MSIM acts as delegated sponsor for both, with Foreside Fund Services as marketing agent.<\/p>\n The launches follow the Morgan Stanley Bitcoin Trust (MSBT), the first crypto ETP from a US bank-affiliated asset manager, which opened<\/a> earlier this year with $34 million in first-day volume.<\/p>\n MSBT held more than $381 million in assets under management through July 16 and carries the same 0.14% fee.<\/p>\n \u201cSince introducing our first ETFs in 2023, we\u2019ve built a diversified suite of ETFs and ETPs that now exceed $14 billion in assets under management,\u201d said Ally Wallace, Global Head of ETFs at MSIM. The suite runs to 22 products, three of them digital asset ETPs.<\/p>\n<\/blockquote>\nCheapest ETH and SOL ETFs, But With Tax Cover<\/h2>\n
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