This structure allows investors to earn network rewards without managing private keys, validators, or on-chain reward reporting. The staking providers and custodians receive an aggregate 5% of the rewards, leaving the remaining 95% with the trust. Net rewards are distributed monthly, but at least quarterly, with no guaranteed amounts.
A Proven Playbook
The launch follows the same fee-first strategy Morgan Stanley used with its spot bitcoin fund. The Morgan Stanley Bitcoin Trust (MSBT) began trading on April 8, 2026, also with a 0.14% annual management fee, undercutting BlackRock’s IBIT at 0.25% and Bitwise’s spot bitcoin ETF at 0.20%. MSBT had accumulated approximately $400 million in assets by late July 2026.
“MSSE and MSOL extend what we started with MSBT to the two largest Proof of Stake networks, with staking integrated from day one,” said Ally Wallace, global head of ETFs at Morgan Stanley Investment Management. Wallace added that clients want access to digital assets through familiar investment structures while still participating in the rewards generated by blockchain networks.
Distribution and Market Context
Morgan Stanley’s 16,000 financial advisors and its E*TRADE platform could give the new products a significant distribution advantage. The funds arrive as large asset managers continue to broaden their crypto offerings; there are already eight SOL exchange-traded funds listed by SoSoValue, with total net assets of $889.3 million.