Morgan Stanley's new Ethereum and Solana exchange-traded products generated roughly $38 million in combined trading volume on their first day, giving the Wall Street firm an immediate presence in two crypto fund markets dominated by earlier entrants.
The Morgan Stanley Ethereum Trust (MSSE) recorded 933,715 shares traded Tuesday and attracted $5.15 million of net inflows. The Morgan Stanley Solana Trust (MSOL) traded 951,216 shares, producing roughly $19 million of turnover but no net creations. Each product began trading on NYSE Arca at around $20 per share.
Data from SoSoValue shows that the MSSE's inflows represented more than a third of the roughly $14.5 million that entered US ETH funds.
For more details, see the original report at CryptoSlate.
