Morgan Stanley ETFs Draw $33M on Second Trading Day

On Wednesday, Morgan Stanley’s newly launched Ethereum and Solana exchange-traded funds recorded $33.06 million in net new capital on their second trading day. The Morgan Stanley Ethereum Trust (MSSE) drew $14.03 million and the Morgan Stanley Solana Trust (MSOL) took in $19.03 million, according to market data.

The two funds had posted roughly $38 million in combined trading volume on their first day of trading. Trading volume reflects transactions between buyers and sellers; net inflows indicate that new shares were created and fresh capital entered the funds.

On the same day, the broader U.S. Ethereum ETF group showed about $19 million in net outflows. Since launch, total net inflows into U.S. Ethereum ETFs remain near $11.19 billion.

MSSE’s $14.03 million intake on Wednesday exceeded the daily intake of the largest U.S. spot Ethereum ETF, ETHA. MSOL’s $19.03 million accounted for all measured inflows to U.S. Solana ETFs during the session.

After the Wednesday flows, MSSE and MSOL together managed about $20 million in assets. Market data shows eight other U.S. Solana ETF offerings with roughly $842 million in combined net assets.

Both Morgan Stanley funds carry a 0.14% expense ratio. Each fund is structured to stake a portion of its crypto holdings and distribute resulting staking rewards to shareholders, combining exposure to spot token prices with income generated by proof-of-stake networks.

Morgan Stanley has an existing Bitcoin trust that gathered about $400 million in assets after its launch earlier this year. The firm’s wealth-management network includes roughly 16,000 financial advisers and its platform offers access to self-directed investors through E*TRADE. The investment-management arm oversees about $2 trillion in assets and employs more than 1,300 investment professionals.

ETF analyst Eric Balchunas described the new Morgan Stanley funds as among the most significant entrants into their categories since the first wave of Ethereum and altcoin ETF launches, citing the firm’s distribution reach.

Second-day net inflows were recorded for both funds; future asset flows will determine how the products scale relative to larger, established ETFs.