Morgan Stanley Ethereum & Solana ETF inflows hit $33M on day 2
Morgan Stanley’s spot crypto ETFs are outpacing larger rivals. On day two, the firm’s Ethereum ETF MSSE pulled in $14.03M while the broader US Ethereum ETF market saw net outflows. MSSE’s result also exceeded BlackRock’s dominant Ethereum ETF (ETHA). Total US Ethereum ETF net inflows since launch now stand at $11.19B.
For Solana, Morgan Stanley’s Solana ETF MSOL captured all US Solana ETF inflows on the session, bringing in $19.03M on just its second trading day. With this, MSOL and MSSE together manage about $20M in assets. The article notes SoSoValue data showing eight other Solana funds with combined net assets around $842M.
These second-day figures are viewed as a stronger demand signal than launch-day volume because net inflows reflect new capital entering via share creation. Both funds debuted actively on Tuesday with about $38M combined trading volume.
The competitive edge highlighted is distribution reach and pricing: Bloomberg ETF analyst Eric Balchunas said Morgan Stanley’s advisor network helps it reach investors that many crypto-native issuers can’t. Both MSSE and MSOL charge a low 0.14% expense ratio and are designed to stake part of holdings, distributing staking rewards to shareholders.
Bullish
Bullish. Day-2 inflows into Morgan Stanley’s spot Ethereum ETF (MSSE) and spot Solana ETF (MSOL) show strong early onboarding of new capital, even while the broader Ethereum ETF category reported net outflows. Historically, when a large traditional issuer quickly attracts net inflows into a new spot-crypto product, it tends to support sentiment and can stabilize flows for the asset (ETH/SOL), because traders often treat it as confirmation of institutional demand.
In the short term, the $33M combined day-2 inflow may drive modest positive price action and improve near-term liquidity expectations around ETH ETF and SOL ETF sentiment. In the long term, Morgan Stanley’s distribution scale and low 0.14% expense ratio could help MSSE and MSOL sustain flows, especially if they continue to capture a large share of category inflows.
Potential watch-outs: if broader category flows reverse, the effect may fade. However, the article’s framing—second-day net inflows and the ability to capture category inflows into Solana—suggests momentum that traders typically front-run during early ETF life cycles.