Morgan Stanley cuts Ether and Solana ETF fees

• Morgan Stanley has launched new Ether and Solana ETFs with a 0.14% annual fee.
• The funds offer investors lower-cost access to Ethereum and Solana through the stock market.
• The bank said the pricing is designed to attract investors as competition in crypto ETFs grows.

Morgan Stanley has launched Ether (CRYPTO:ETH) and Solana (CRYPTO:SOL) exchange-traded funds with a 0.14% annual management fee.

The new funds expand Morgan Stanley's crypto investment products as more financial firms compete for digital asset investors.

The ETFs track the market prices of Ether and Solana, giving investors exposure without directly holding the cryptocurrencies.

Morgan Stanley said the 0.14% fee is among the lowest in the market and is intended to attract more investors.

The launch adds to the bank's crypto investment offering, and following the announcement Morgan Stanley share price was little changed at about US$167.

Spot crypto ETFs have attracted growing interest since US regulators approved Bitcoin and Ether funds earlier this year.

Morgan Stanley has continued expanding its digital asset products as traditional financial firms increase their presence in the crypto market.

At the time of reporting, Ethereum price was $1,917.03.