Morgan Stanley Launches Exchange-Traded Solana Trust With Staking
Morgan Stanley Investment Management has launched the Morgan Stanley Solana Trust on NYSE Arca. The product stakes part of its SOL holdings and passes net rewards through; the expense ratio is 0.14 percent.
What happened
Morgan Stanley Investment Management has launched two exchange-traded crypto products, including the Morgan Stanley Solana Trust. It trades on NYSE Arca, alongside an Ethereum counterpart. This marks the first time a US asset manager of this scale offers a Solana product with integrated staking.
The key figures
- Expense ratio: 0.14 percent.
- Reference: the product tracks an established Solana benchmark index.
- Staking from day one: part of the SOL held is staked; net staking rewards accrue to the trust. Figment is among the staking providers involved.
Naming warning: MSOL is not mSOL
Important for anyone operating on-chain: the trust’s ticker resembles the name of Marinade’s liquid staking token mSOL — the two have nothing to do with each other. The trust is a regulated security traded through a brokerage account. mSOL is a token on Solana that you hold in your own wallet and can use in DeFi (Liquid staking on Solana). Anyone searching for the ticker on-chain should know about this mix-up.
Context
Per Morgan Stanley Investment Management, part of the SOL held is staked, with net rewards accruing to the trust. How staking works in general is covered in the Solana staking guide.
Note: This is reporting, not investment advice. Exchange-traded crypto products carry the usual risks (price volatility, custody, tracking deviation) plus staking-specific risks; only the official product documents are authoritative.
What to watch
- How much SOL is actually staked through products like this
- Whether other asset managers follow with a staking component
- How institutional stake distributes across validators
Sources
- Morgan Stanley Investment Management — Press release on the product launch