Morgan Stanley lists two staking ETFs and undercuts the field
MSOL and MSSE, Morgan Stanley's Solana and Ethereum staking ETFs, are now listed on NYSE Arca. At a 0.14% fee and with 95% of staking rewards passed to investors, the bank has set the sharpest terms in the category.
Morgan Stanley has brought two staking ETFs to market: MSOL for Solana and MSSE for Ethereum, both listed on NYSE Arca. Registration became effective under Section 12(b) of the US Exchange Act; the funds were reported on 24 July 2026. One of the largest US investment banks is now putting its name on products that do not merely track the price but pass through the network reward as well.
Two funds, two networks
MSSE holds ether and stakes 50 to 80 percent of it. The range is deliberately wide: Ethereum has an exit queue, and a fund that must be able to redeem shares daily does not want to be fully locked up. MSOL holds solana and may stake up to 100 percent — Solana's cool-down periods are shorter, which keeps a higher staking ratio manageable.
The paperwork took a while. The initial registration dates from January 2026, an amended version followed in June, and the final filing cleared in July.
The lowest fee in the category
Morgan Stanley charges a single unitary fee of 0.14 percent a year. According to the bank that is the lowest in the category, and it is a clear pricing move against competitors' existing spot ETFs, which typically sit between 0.15 and 0.25 percent.
On a €10,000 position that works out at €14 of cost per year. The gap versus a 0.25 percent fund is €11 a year — small in absolute terms, but it compounds over a long horizon and at larger balances.
What happens to the staking yield
This is where staking ETFs differ from one another. Morgan Stanley passes 95 percent of staking rewards through to shareholders; the remaining 5 percent goes to the service providers that carry out the staking.
That yield sits on top of price performance and on top of the management fee. At current network returns — roughly 3 percent on Ethereum and 6 to 7 percent on Solana — passing through 95 percent is worth substantially more than the 0.11 percentage point the bank shaves off the fee.
Who holds the crypto and who stakes it
The assets sit with BNY Mellon and with Coinbase Custody/Prime. The staking itself is carried out by Figment, Galaxy and Coinbase Canada. That separation between custody and validation has become the standard set-up for US staking products: the custodian touches the keys, the staking provider supplies validator capacity.
The market around it
The timing is notable. Ether traded around 1,860 dollars (roughly €1,628) this week and solana around 76 dollars (roughly €67) — neither anywhere near a high. Solana ETFs together drew roughly 12 million dollars (roughly €10.5 million) of inflows in July, modest figures. And on Thursday US spot bitcoin ETFs saw net outflows of 225.1 million dollars (roughly €197 million).
At the same time some 17 billion dollars (roughly €14.9 billion) of stablecoins now sits on Solana, a sign that on-chain activity continues regardless of the price.
What it means for you
European investors cannot buy these two funds directly: they are US ETFs, and under the PRIIPs rules brokers may not offer them without a European key information document. What does matter is the signal. A bank of this size passing staking yield through as standard and pushing the price to 0.14 percent sets a benchmark that European ETP issuers will sooner or later have to answer.
Anyone in Europe seeking the same exposure ends up with ETPs on Xetra or SIX, or with staking directly through an exchange or their own wallet. In that last case you keep the full reward, but you also carry the slashing and custody risk yourself.
Sources: CoinDesk, The Block, Cryptobriefing, Coinpaper. Last checked: 25 July 2026.