Morgan Stanley Picks Galaxy to Stake Ethereum and Solana ETP Assets

Morgan Stanley Investment Management is adding network participation to its crypto investment products rather than limiting them to passive token exposure.

The asset manager has selected Galaxy as an approved validator for new Ethereum and Solana exchange-traded products that intend to stake part of their holdings.

According to Galaxy’s August 18 announcement, the Morgan Stanley Ethereum Trust trades on NYSE Arca under MSSE, while the Morgan Stanley Solana Trust uses MSOL. Galaxy is one of three firms selected to support staking across the two products.

Staking Rewards Are Intended for Shareholders MSSE and MSOL seek to track ETH and SOL performance, respectively. Each product intends to delegate a portion of its assets to institutional validators and pass resulting staking rewards to shareholders through regular distributions.