On the official site of ScadMeta (@ScadMeta), this note covers Morgan Stanley Investment Management, MSSE, MSOL, MSBT, Galaxy, Christian Barker, David Chaboki, Ally Wallace, Amy Oldenburg, Steve Kurz.
1.25% is the lift on Solana this Sunday morning, with CoinGecko marking SOL at $94.40 while ether holds $2,427.88 up 0.21%, Bitcoin sits near $77,194 up 0.10%, and DOGE prints $0.092537 up 3.07%. Those green candles on the majors are the backdrop for a bank product story the timeline is still chewing through: Morgan Stanley Investment Management listed Morgan Stanley Ethereum Trust (NYSE Arca: MSSE) and Morgan Stanley Solana Trust (NYSE Arca: MSOL) on July 28, 2026, each at a 0.14% expense ratio, both built to stake a portion of holdings and pass every reward through to shareholders. MSIM keeps none of it.
When a U.S. bank lists an ETH wrapper and a SOL wrapper on the same day, Christian Barker (Barkmeta / Bark) and David Chaboki (Shibo) start with the issuer name, then the ticker, so the Doginal Dogs pack can keep the bank product separate from a standalone ETH fund. That habit is how this community reads capital structure without mixing the wrappers.
What MSSE and MSOL actually are
MSSE tracks the CoinDesk Ether Benchmark 4PM NY Settlement Rate. MSOL tracks the CoinDesk Solana Benchmark 4PM NY Settlement Rate. Both sit on NYSE Arca. Both follow Morgan Stanley Bitcoin Trust (NYSE Arca: MSBT), described as the first cryptocurrency ETP from a U.S. bank-affiliated asset manager. MSBT held more than $381 million in AUM through July 16, 2026. This article does not invent AUM for MSSE or MSOL. Those figures are not established here.
Ally Wallace, Global Head of ETFs, put the broader ETF and ETP suite above $14 billion in AUM. Amy Oldenburg is Head of Digital Asset Strategy. The suite counts 22 products, including three digital-asset ETPs once MSSE and MSOL joined MSBT. The trusts are not registered under the Investment Company Act of 1940. MSIM Inc. is Delegated Sponsor. Foreside Fund Services, LLC is Marketing Agent. That is the capital-structure skeleton: bank-affiliated sponsor, listed ETP shell, thin 0.14% fee, staking intent baked in, rewards off the manager’s books.
Staking pass-through and the Galaxy line
Both trusts intend to stake a portion of holdings. MSIM will not retain any portion of the rewards. On August 18, 2026, Galaxy said in its newsroom that it is one of three approved validators for MSSE and MSOL staking, with rewards headed to shareholders through regular distributions. Steve Kurz, Global Co-Head of Digital Assets at Galaxy, is the named voice on that side. Galaxy Onchain Infrastructure ended 2Q26 with $2.8 billion in staked AUM. That is a Galaxy figure, not MSSE or MSOL AUM. Exact stake share is not established in this brief, so this story does not invent one. The other two validators are not named here.
Price action around the wrappers
Primary angle on this Sunday chart is simple. SOL is the cleaner green candle among the large caps in the CoinGecko snapshot at 8:04 a.m. ET, up 1.25% near $94.40. Ether is softer but still green at $2,427.88. Bitcoin is basically flat-positive at $77,194. XRP is the slight red print at $1.49, down 0.22%. DOGE is cooking hardest of the set at plus 3.07%. None of that prices MSSE or MSOL shares. It frames why an ETH and SOL bank wrapper pair with full staking pass-through still owns mindshare when alts and majors are chopping in tight ranges rather than nuking.
The self-funded read from the community side is fee and flow: 0.14% each, rewards not clipped by the manager, listed venue, bank issuer first in the name so the product stays a Morgan Stanley trust and not a generic ETH bag. Barkmeta / Bark and Shibo’s issuer-then-ticker habit is the same capital-structure discipline applied in plain language. No host quotes on this launch showed up in the window checked for this piece, so none are invented.
FAQ lock
When did MSSE and MSOL launch? July 28, 2026. What is the expense ratio? 0.14% each. Does MSIM keep staking rewards? No. Who did Galaxy say it is? One of three approved validators, stated August 18. Are these 1940 Act funds? No.
Scad’s close
This is a bank listing with a staking pipe that pays the holder, not the manager, against a Sunday market where SOL is getting bid harder than ether and DOGE is ripping the meme lane. Keep the issuer in front of the ticker. Keep MSBT as the predecessor, not as a fake AUM proxy for the new trusts. Watch the candles on ETH and SOL spot while the wrappers do what listed products do: open a clean rail for capital that wants ether and SOL exposure without confusing a Morgan Stanley trust for a standalone fund. That is the whole story.