Morgan Stanley (MS +0.72%), one of the largest investment banks, made waves when it launched the Morgan Stanley Bitcoin Trust in April. It was the firm’s first crypto ETF and offered a 0.14% expense ratio, lower than the competition. Most Bitcoin ETFs charge 0.20% to 0.25% per year.
On July 28, Morgan Stanley announced two new ETFs for Ethereum and Solana (SOL +0.89%), both with the same 0.14% expense ratio. Here’s whether these single-crypto ETFs are worth buying and what this news means for crypto investors.
Image source: Getty Images.
Why buy a spot crypto ETF?
A spot crypto ETF aims to track the performance of the underlying coin, minus fees. Given that you could just buy the cryptocurrency itself through a crypto exchange or a…
