Morgan Stanley Launches America’s Cheapest ETH and SOL ETFs With Staking Rewards

Morgan Stanley has launched Ethereum and Solana ETFs with a 0.14% fee, making them the cheapest ETH and SOL funds in the US. 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. 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 the amended filings that locked in the 14 basis point figure earlier this month. Notably, Grayscale’s Mini Ethereum Trust held the previous low mark among ETH funds at 0.15%. Franklin Templeton’s SOEZ was the cheapest SOL fund at 0.19%. Bloomberg ETF analyst Eric Balchunas said at the time that the pricing made the two funds “the cheapest in the U.S. and world.” Cheapest ETH and SOL ETFs, But With Tax Cover Both trusts stake a share of their holdings and hand the rewards back to shareholders. “MSIM will not retain any portion of the rewards earned by either ETP for itself,” the firm said in its announcement. 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...