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Market Insight: Ethereum plummeted 0.67% to $1856.76 in the last 24 hours.
Morgan Stanley Investment Management has launched the Morgan Stanley Ethereum Trust (MSSE), an exchange-traded product that aims to track ether performance via the CoinDesk Ether Benchmark and will stake a portion of its holdings to earn rewards, with an expense ratio of 0.14%. The Trust is part of a broader suite of digital asset ETPs that includes Bitcoin and Solana products, and it operates under SEC registration but is not regulated under the Investment Company Act. As of July 27, 2026, Ethereum’s market price was $1,969.46 per ETH, reflecting recent price movements and a market capitalization of approximately $233 billion, making it the second-largest cryptocurrency by market cap.
Morgan Stanley's Ethereum Trust (MSSE) tracks ether using the CoinDesk Ether Benchmark and has a 0.14% expense ratio.
MSSE will stake part of its ether holdings to earn staking rewards, which it does not retain for itself.
Ethereum is the second-largest cryptocurrency by market capitalization, valued at around $233 billion as of mid‑2026.
The price of one ether was $1,969.46 on July 27, 2026, up $84.99 from the previous day but down about $1,904 from a year earlier.
Morgan Stanley's digital asset ETP suite, including MSSE, is registered with the SEC but not regulated under the Investment Company Act, and may trade at a premium or discount to net asset value.
It aims to track the performance of ether as measured by the CoinDesk Ether Benchmark 4PM NY Settlement Rate.
MSSE intends to stake a portion of its ether holdings to earn staking rewards, which are not retained by Morgan Stanley.
Ethereum was priced at $1,969.46 per ETH on that date.
Ethereum’s market cap is about $233 billion, making it the second-largest after Bitcoin’s roughly $1.33 trillion.
No, the Trust is not registered under the Investment Company Act of 1940.
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