Morgan Stanley's 0.14% Staking ETFs: A Tax Arbitrage Wrapped in a Fee War"

"article":"On July 28, Morgan Stanley listed two exchange-traded funds with a management fee of 0.14%. That number undercuts every competitor in the US crypto ETP market. Grayscale charges 0.15% for its Mini ETH Trust. Franklin Templeton charges 0.19% for its Solana product. Morgan Stanley charges less for more — both MSSE (ETH) and MSOL (SOL) pass staking rewards through to shareholders, with 100% of distributions flowing to investors after service provider fees are deducted. None of the incumbents do that. The reaction was predictable: \"institutions are finally delivering real yield through compliant wrappers.\" I read the registration mechanics instead. The fee is the hook. The