Morgan Stanley Investment Management launched two new exchange-traded products on NYSE Arca on July 28: the Morgan Stanley Ethereum Trust (ticker: MSSE) and the Morgan Stanley Solana Trust (ticker: MSOL). The two vehicles charge a sponsor fee of just 0.14%, among the lowest in the ETF market, and forward all staking yield directly to shareholders. The ether trust will stake between 50% and 80% of its holdings, while the Solana trust targets up to 100% of its positions. Implied yield rates are approximately 1.7% for ether and 3.4% for SOL at current base rates. Morgan Stanley previously launched a Bitcoin ETP (ticker: MSBT) that has attracted more than $380 million in assets.
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