Morgan Stanley Launches Cheapest Ether and Solana ETFs at 14 Basis Points
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Morgan Stanley Investment Management's Global Head of ETFs Ally Wallace breaks down the firm's newly launched Ether and Solana ETFs from the floor of the New York Stock Exchange. Wallace explains why Morgan Stanley priced all three of its crypto products at 14 basis points — the cheapest on the market — and how its April Bitcoin ETF became the firm's most successful launch ever. And, she unpacks the staking component of the new proof-of-stake products, including Morgan Stanley's decision to pass back 100% of staking rewards to investors.
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00:00 Morgan Stanley Launches Ether and Solana ETFs
00:17 Launching Into a Subdued Crypto Market
00:57 Bitcoin ETF Pulls In $400M, MS's Best Launch Ever
01:27 Competing at 14 Basis Points, the Cheapest on the Market
02:15 The First Bank-Owned Asset Manager in the Space
02:33 Passing Back 100% of Staking Rewards
03:02 How the Staking Economics Work
03:52 Positioning Solana and ETH in Portfolios
04:46 Why Morgan Stanley Chose CoinDesk Benchmarks
05:28 Coinbase and BNY Mellon on Custody
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