Morgan Stanley Launches Spot Ethereum, Solana ETPs
Summary
- Morgan Stanley Investment Management said it has launched two spot exchange-traded products (ETPs) tied to Ethereum (ETH) and Solana (SOL).
- The Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) were listed on NYSE Arca.
- The launch expands the firm's crypto ETP lineup beyond Bitcoin to include Ethereum and Solana.
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Morgan Stanley Investment Management has launched two spot exchange-traded products, or ETPs, tied to the prices of Ethereum and Solana.
The Morgan Stanley Ethereum Trust, ticker MSSE, and the Morgan Stanley Solana Trust, ticker MSOL, were listed on NYSE Arca on July 28, according to the firm. The two products track the price movements of ETH and SOL, the native tokens of the Ethereum and Solana blockchains, respectively.
Morgan Stanley Investment Management said the launch is part of a broader expansion of its product lineup to meet investor demand.
Earlier this year, the firm launched the Morgan Stanley Bitcoin Trust, ticker MSBT. The product was the first crypto ETP introduced by an asset manager affiliated with a US bank, and had more than $381 million in assets under management as of July 16.
With the latest launch, Morgan Stanley has expanded its crypto ETP lineup beyond Bitcoin to include Ethereum and Solana.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.