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Morgan Stanley Ethereum and Solana ETFs pull in $33 million on day two

The Morgan Stanley Ethereum Trust (MSSE) took in $14.03 million and the Morgan Stanley Solana Trust (MSOL) added $19.03 million, after a roughly $38 million combined debut on day one.

Reported · Written up by our desk · Ethereum

Morgan Stanley’s newly launched Ethereum and Solana exchange-traded funds generated $33 million in net inflows on their second trading day, according to CryptoSlate, citing SoSoValue data.

The Morgan Stanley Ethereum Trust, ticker MSSE, brought in $14.03 million on Wednesday, while the Morgan Stanley Solana Trust, ticker MSOL, recorded $19.03 million. The report says MSSE’s intake exceeded that of BlackRock’s spot Ethereum ETF, ETHA, though the broader Ethereum ETF category saw net outflows of about $19 million.

Since launch, total net inflows into Ethereum ETFs have reached $11.19 billion, and MSOL accounted for all net money entering US Solana ETFs during the session. CryptoSlate adds that MSOL has traded for only two days so far.

CryptoSlate also notes that the two Morgan Stanley products debuted on Tuesday with roughly $38 million in combined trading volume, and that second-day inflows are seen as a stronger read on investor demand than launch-day activity alone. The report attributes additional context to Bloomberg ETF analyst Eric Balchunas about Morgan Stanley’s distribution reach and its prior Bitcoin trust, which has gathered about $400 million in assets since launching earlier this year.

Latest closeBitcoin $64,929.75 ▲1.6%|Ethereum $1,929.37 ▲1.1%|Solana $74.78 ▲1.6%

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