morgan stanley investment management listed $SOL and ether etps on nyse arca july 28 — msse and msol — each at 0.14%, the lowest fee in the market for either asset. staking is built into the wrapper from day one, a first from a us bank-affiliated asset manager. the solana trust can stake up to 100% of holdings; the eth trust targets 50-80%. figment runs the validators. 95% of staking rewards pass through to shareholders. the trust skims 5% for operational costs; morgan stanley keeps zero of the staking yield. daily staked-percentage disclosures add transparency most crypto funds avoid. the distribution channel is the real structural signal. morgan stanley's bitcoin trust (msbt) crossed 381m usd aum in its first months. the firm's 16,000 financial advisors and etrade platform give msse and msol a pipeline no standalone crypto etp issuer can match. etrade enabled spot btc, eth, and sol trading 12 days before this listing — ms now covers crypto across two channels at institutional pricing. risk: staking apy is not a guaranteed coupon. validator performance, slashing risk, and the 5% program fee mean net yield lags on-chain returns. whether single-digit staking yield moves advisory allocations at scale is unproven — msbt's 381m aum is real but small relative to the 14b usd etf platform.