- Morgan Stanley's Solana Trust (MSOL) now trading on NYSE Arca with a 0.14% expense ratio.
- The ETP stakes a portion of SOL holdings, passing rewards to investors.
- Solana's price shows 12% gains over 30 days but recent dip to $73.53 amid macro headwinds.
- Solana's stablecoin supply hits $17B ATH, while application fees remain low.
Wall Street giant Morgan Stanley has taken another big step into the crypto space by launching a Solana exchange-traded product (ETP) that lets investors get exposure to SOL while also earning staking rewards. The Morgan Stanley Solana Trust (MSOL) started trading on the NYSE Arca, joining the firm’s existing Bitcoin and Ethereum trusts.
This move comes as Solana’s price shows a mixed picture — up 12% over the past month but recently slipping to around $73.53. The broader crypto market is dealing with regulatory uncertainty and macroeconomic pressures, yet the launch signals that institutional interest in Solana remains strong. With a 0.14% expense ratio, the new ETP is one of the cheapest ways to invest in SOL through a traditional brokerage account.
What the New Solana ETP Offers
The MSOL trust tracks the CoinDesk Solana Benchmark 4PM NY Settlement Rate and charges a fee of just 0.14%, which the company says is the lowest on the market for such products. Unlike many other crypto ETPs, Morgan Stanley plans to stake a portion of its SOL holdings and pass any staking rewards directly to investors, rather than keeping them for itself. This feature could make the product more attractive for long-term holders looking for yield.
According to Ally Wallace, Global Head of ETFs at Morgan Stanley Investment Management, the addition of MSSE and MSOL reflects the natural evolution of their product suite. The firm’s ETP platform now manages over $14 billion across 22 products, including the earlier Morgan Stanley Bitcoin Trust (MSBT), which had gathered more than $381 million in assets by mid-July. Morgan Stanley’s wealth management network — with 16,000 advisors and $9 trillion in client assets — gives the new Solana ETP a built-in distribution advantage.
Solana’s Market Performance and Sentiment
Solana has been one of the better performers among top cryptocurrencies recently, with a 12% gain over the past 30 days. However, trading volumes have cooled from $2.2 billion to $1.7 billion, and the token slipped to $73.53 on July 24 amid a broader risk-off mood. Analysts point to several factors weighing on sentiment, including the uncertain fate of the Clarity Act and rising U.S. Treasury yields. The Crypto Fear and Greed Index sits at 39, still in neutral territory, but macro headwinds like higher oil prices and potential Fed rate hikes are keeping a lid on altcoin prices.
On a more positive note, Solana’s stablecoin supply hit a new all-time high of $17 billion, according to DeFi Llama, indicating that users continue to rely on the network for stablecoin transfers and yield. Yet application fees remain at two-year lows, suggesting that overall network activity has slowed during the bear market. Some analysts see a potential breakout to $90 if SOL can clear the $78 resistance level, while a failure could see it test support at $67.
Beyond the price action, Solana’s technical capabilities are drawing attention for high-frequency trading applications. The network handles more daily transactions than all other blockchains combined, making it a natural fit for derivatives markets. However, platforms like Hyperliquid have taken an early lead by focusing specifically on trader needs. Morgan Stanley’s ETP launch adds another layer of institutional credibility to Solana, and with staking rewards included, it could attract a new wave of investors looking for regulated exposure to the digital asset. The combination of a low-cost ETP, staking yield, and strong network fundamentals positions Solana as a key player in the evolving crypto investment landscape.
