MSSE Morgan Stanley Ethereum Trust

Spot Ethereum ETF · by Morgan Stanley · Ethereum ETF flows · fee 0.14%

MSSE reported no net flow on Fri 6 Nov. All Ethereum ETFs: −$93.3M.

Share price$23.91−1.01% · −$0.25last trade Fri 6 Nov 20:55 UTC

Net flow, last day0Fri 6 Nov · T+1

Cumulative net flow+$48.0Msince 28 Jul 2026

Avg entry vs close+4.2%avg entry $2,155 · ETH $2,247

Net assets$51.1M

Day volume2Kshares, last session

Clients' P&L in MSSE

In profit

On average, MSSE clients bought ETH at $2,155. At the 6 Nov 2026 close of $2,247 they are in profit: +$2.0M (+4.2%) on paper.

Unrealised P&L+$2.0M+4.2%avg entry $2,155ETH close $2,247

Avg entry · break-even: $2,155
ETH close: $2,247
Invested: $48.1M
Current value: $50.1M
ETH in the fund: 22,294

Avg entry vs ETH price

Daily · US$ · as of 6 Nov 2026

ETH priceAvg entryClients in profitUnder water

$2K$2.3K$2.5K$2.8K

$2,247$2,155Jul 26Aug 26Sep 26Oct 26Nov 26

Avg entry is our estimate from daily creations and redemptions × the coin price that day · unrealised · not an issuer reportIn profit on 88 of 102 days

ETF cost basis

MSSE price and net flow

Daily close · price history since 21 Sep 2026 · Net flow: daily creations and redemptions, US$ m

Share price: exchange close · flow: T+1Share price −17.4% over the period

Fund facts

Price · 1D / 7D / 30D: $23.91 −1.01% / −0.58% / −13.62%
Day volume: 2K shares
Expense ratio: 0.14% What 0.14% costs per year
Launched: 28 Jul 2026
13F holders: MSSE began trading on July 28, 2026, after the last reported quarter end (June 30, 2026). Its first institutional holders will appear after the Q3 2026 filing deadline, November 14, 2026.
Price history since: 21 Sep 2026

Price RangeNow $23.91 (1% of range)

all-time low $23.83Average price $26.92all-time high $30.17

Staking

Ethereum ETF staking

Status: Stakes
Share staked: 70% · 21 Oct
Staking yield: 1.37% · issuer
Rewards: Paid in cash, monthly
Provider: Figment, Galaxy, Coinbase
Last payout: $0.0471 per share on 4 Nov
Cap in prospectus: 80%

Intends to stake 50–80% of its ether.

Filing: 424B3 · Thu 23 Jul

Coins held: 22,918 ETHreported
Share of ETF coins: 0.4%
Issuer's fee revenue: $71.5K a year$196 a day at current assets

MSSE net flow by day

Last 20 trading days, US$ m · share = MSSE’s part of all Ethereum ETF flow when both move the same way

Date	Net flow	Share of ETH ETFs	All ETH ETFs	Close
Fri 6 Nov	0	—	−$93.3M	$23.91
Thu 5 Nov	0	—	−$99.9M	$24.16
Wed 4 Nov	0	—	+$53.0M	$26.04
Tue 3 Nov	−$0.1M	0%	−$85.4M	$24.67
Mon 2 Nov	+$3.2M	—	−$139.8M	$24.18
Fri 30 Oct	−$0.7M	0%	−$155.8M	$24.16
Thu 29 Oct	0	—	−$105.5M	$24.09
Wed 28 Oct	+$1.0M	—	−$21.4M	$25.72
Tue 27 Oct	0	—	−$60.2M	$25.25
Mon 26 Oct	0	—	−$88.6M	$24.78
Fri 23 Oct	+$0.8M	18%	+$4.4M	$25.79
Thu 22 Oct	0	—	−$110.5M	$25.62
Wed 21 Oct	+$1.3M	9%	+$14.9M	$26.93
Tue 20 Oct	0	—	−$26.2M	$26.25
Mon 19 Oct	0	—	−$103.3M	$25.83
Fri 16 Oct	0	—	−$69.7M	$25.93
Thu 15 Oct	0	—	−$60.3M	$26.36
Wed 14 Oct	0	—	−$129.5M	$26.14
Tue 13 Oct	0	—	+$24.8M	$27.00
Mon 12 Oct	0	—	−$85.4M	$27.12

Streaks and records

descriptive, not a signal

Largest inflow, all time: +$14.3M · 29 Jul 2026
Largest outflow, all time: −$690K · 30 Oct 2026
Inflow days in 2026: 20 of 73
Best month: +$19.8M · Jul 2026
Worst month: +$3.1M · Nov 2026

All records · 30D / 90D / 1Y

Window	Largest inflow	Largest outflow
Last 30 trading days	+$3.2M2 Nov 2026	−$690K30 Oct 2026
Last 90 trading days	+$14.3M29 Jul 2026	−$690K30 Oct 2026
Last 12 months	+$14.3M29 Jul 2026	−$690K30 Oct 2026

Trading days only. A day where a fund has not reported is skipped, not counted as zero.

“—” in Share: MSSE moved against the market, or more than the market totalAll days on Ethereum ETF flows ›

Other spot Ethereum ETFs

MSSE is one of several US-listed spot Ethereum ETFs. Compare it with the other funds tracking Ethereum:

All 11 on Ethereum ETF flows ›

Fund	Issuer	Flow · Fri 6 Nov	Cumulative	Fee	Price	1D
ETHAiShares Ethereum Trust	BlackRock	−$90.8M	+$11.52B	0.25%	$50.78	−7.46%
FETHFidelity Ethereum Fund	Fidelity	−$1.7M	+$2.45B	0.25%	$22.25	0.00%
ETHGrayscale Ethereum Mini Trust	Grayscale	−$1.9M	+$2.00B	0.15%	$21.32	−0.14%
ETHBiShares Staked Ethereum Trust	BlackRock	+$1.1M	+$785.1M	0.25%	$28.72	+0.31%
ETHWBitwise Ethereum ETF	Bitwise	0	+$393.5M	0.20%	$15.99	+0.63%
ETHVVanEck Ethereum ETF	VanEck	0	+$154.5M	0.20%	$32.56	−0.34%
EZETFranklin Ethereum ETF	Franklin Templeton	0	+$64.8M	0.19%	$16.85	−0.88%
MSSEMorgan Stanley Ethereum Trustthis fund	Morgan Stanley	0	+$48.0M	0.14%	$23.91	−1.01%
TETH21Shares Core Ethereum ETF	21Shares	0	+$25.6M	0.21%	$11.15	0.00%
QETHInvesco Galaxy Ethereum	Invesco	0	+$22.0M	0.25%	$22.11	−0.99%
ETHEGrayscale Ethereum Trust	Grayscale	0	−$5.53B	2.50%	$17.98	+0.68%

Morgan Stanley at the SEC

MSSE went from first filing to trading in 202 days. Morgan Stanley has 3 crypto ETFs trading, none waiting.

All Morgan Stanley filings ›

MSSE’s path to listing

First filing7 Jan 2026
3 amendments
Effective23 Jul 2026
Trading on NYSE28 Jul 2026

202 days at the SEC

Filing history

No other Morgan Stanley crypto ETFs are waiting for SEC approval right now.

Open the filings tracker

About Morgan Stanley Ethereum Trust (MSSE)

What the data says

MSSE is one of the smaller Ethereum ETFs: $48.0M of net inflow since 28 Jul 2026, 8th of 11 by money brought in. For scale, ETHA has drawn $11.52B, about 240 times as much. By money brought in it sits between EZET (+$64.8M) and TETH (+$25.6M). Morgan Stanley reports net assets of $51.1M, 0% of the Ethereum ETF total and the 8th largest of 11 by size.

At 0.14% a year, MSSE is the cheapest Ethereum ETF. The median across 11 funds is 0.21%, and the most expensive, ETHE, charges 2.50%. On a $10,000 holding that is $14 a year.

On most trading days nothing moves: MSSE had no creations or redemptions on 50 of 72 days in our record since 28 Jul 2026. The largest day with money coming in was $14.3M on 29 Jul 2026.

In the last 30 trading days to 6 Nov 2026 it took in $6.8M, 2nd of 11 Ethereum ETFs over that stretch; the whole Ethereum group lost $2.02B.

MSSE is a staking fund: it stakes Ethereum it holds to earn network rewards. Among Ethereum ETFs, ETHB, FETH, TETH, ETH and ETHE also stake.

MSSE holders are comfortably ahead: on average they bought ETH at $2,155, and at the 6 Nov 2026 close of $2,247 that is +4.2% (+$2.0M) on paper. No other Ethereum ETF in our estimate has a lower average entry.

Figures as of 6 Nov 2026 (flows, T+1); holders' average entry at the 6 Nov 2026 close. Not investment advice.

MSSE ETF — FAQ

When did MSSE start trading?

MSSE began trading as an ETF on 28 Jul 2026, 101 days before our latest data.

Is MSSE cheaper than other Ethereum ETFs?

Yes. MSSE charges 0.14% a year. Across 11 Ethereum ETFs the fee runs from 0.14% to 2.50%, with a median of 0.21%; MSSE is 1st from the cheapest.

How much has flowed into MSSE since launch?

Net inflow of $48.0M from 28 Jul 2026 to 6 Nov 2026, 8th of 11 Ethereum ETFs by money brought in. Net flow is the dollar value of shares created minus shares redeemed.

Are MSSE holders in profit?

Yes, on paper. Our estimate of their average entry is $2,155 per ETH; the 6 Nov 2026 close was $2,247, a result of +4.2% (+$2.0M). The estimate comes from daily creations and redemptions valued at that day's coin price, not from an issuer report.

What was the biggest day for MSSE?

The largest net inflow was $14.3M on 29 Jul 2026. The largest net outflow was $690K on 30 Oct 2026. Counted over 72 trading days through 6 Nov 2026.

Does MSSE stake its Ethereum?

Yes. MSSE is one of the staking Ethereum ETFs on our list, together with ETHB, FETH, TETH, ETH and ETHE. Rewards are earned inside the fund; Morgan Stanley's fund page has the current staking share and reward terms.

Prices and statistics on this page are derived from market data tracked by CryptoETF.today and are for informational purposes only. This is not investment advice. Verify fund details, fees and holdings on the issuer's official page before investing.