Morgan Stanley Adds Ethereum ETF Filing to Expanding Crypto Fund Strategy

TLDR

• Morgan Stanley filed for Ethereum ETF via a Delaware statutory trust with the SEC

• The Ethereum trust will hold Ether directly and include staking for yield

• The filing follows earlier applications for Bitcoin and Solana ETFs

• Morgan Stanley manages over $1.8 trillion in assets through its investment division

Morgan Stanley Investment Management has filed a registration statement with the SEC for an Ethereum ETF. The new product, named the Morgan Stanley Ethereum Trust, is structured as a Delaware statutory trust and aims to offer institutional investors exposure to Ethereum without direct asset ownership.

The proposed ETF would track the market price of Ether (ETH), the second-largest cryptocurrency by market capitalization. It plans to hold Ether directly and use third-party providers to stake a portion of its holdings to generate additional yield. Details about the exchange listing and ticker symbol have not yet been released.

The filing comes just one day after the firm submitted similar registration documents for Bitcoin and Solana ETFs. These filings reflect a broader move by Morgan Stanley to offer regulated crypto investment vehicles to its institutional and wealth management clients.

Morgan Stanley Continued Crypto Expansion by TradFi Institutions

The latest Ethereum ETF filing follows Morgan Stanley’s increased involvement in digital assets. In October 2025, the firm opened access to Bitcoin investments through its wealth management platform. Later, it announced plans to allow retail trading of Bitcoin, Ethereum, and Solana via E-Trade.

The bank manages around $1.8 trillion in assets and has joined other large financial firms in developing crypto-related investment products. With almost $9 trillion in total assets under management across divisions, the firm is aiming to meet growing demand from institutional clients for exposure to blockchain-based assets.

Earlier ETF filings by Morgan Stanley included trusts for both Bitcoin and Solana. Like the Ethereum Trust, the Solana ETF is also designed to stake part of its holdings and reflect staking rewards in the fund’s net asset value.

ETF Structure and Strategy

According to the Morgan Stanley filing, the Ethereum ETF would function through a mechanism involving in-kind creation and redemption of shares. This method allows market participants to exchange Ether for shares of the fund and vice versa, improving efficiency and aligning with how many commodity-based ETFs operate.

The trust’s custodian has not been named in the filing. However, Morgan Stanley confirmed that staking would be carried out by third-party providers, a model similar to other recently proposed crypto ETFs.

The ETF will be aimed at investors seeking price exposure to Ether through regulated means without needing to manage wallets, private keys, or custody solutions.

Regulatory Context and Market Environment

Morgan Stanley’s ETF filings arrive amid rising interest in crypto investment products in the United States. Over the past two years, the SEC has received multiple applications for spot crypto ETFs from traditional financial firms. While several Bitcoin futures ETFs have been approved, decisions on spot ETFs remain under review.

Jed Finn, head of wealth management at Morgan Stanley, previously stated that the firm planned to offer Bitcoin, Ethereum, and Solana products as part of a broader crypto rollout. This new Ethereum filing aligns with those plans and may position the firm among the first traditional asset managers to provide spot crypto ETFs if approved.

At the time of filing, Ethereum was trading at around $3,200, having risen 8% over the previous week, according to CoinMarketCap.

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