Morgan Stanley Ethereum Trust MSSE

Additional details

Exposure

Spot ether held by the trust, with a policy to stake part of its holdings.

Fund Structure

Delaware statutory trust. Not registered under the Investment Company Act of 1940.

Annual delegated sponsor fee

0.14%

Fee Assessment Base

0.14% of net asset value annually, accrued daily. Ether amount determined using the pricing benchmark. Paid in cash at least monthly in arrears.

Effective Annual Charge

0.14%

Fee Waiver / Conditions

Gross and net expense ratios are both 0.14%.

Benchmark

CoinDesk Ether Benchmark 4PM NY Settlement Rate

Custody Appointments

Coinbase Custody Trust Company, LLC; Ether custodian; Fund ownership and segregated records acknowledged. Certain system-failure and unauthorized-user losses require gross negligence or worse. Current asset allocation is not disclosed.The Bank of New York Mellon; Ether custodian and separate cash custodian; Beneficial ownership and separate asset records acknowledged. Safekeeping responsibility uses an ordinary-negligence standard. Appointment does not establish an allocation.

Retail Asset Redemption

Retail shareholders cannot redeem individual shares for ether sent to a wallet. Selling shares produces brokerage cash. Authorized participants use a separate basket process.

30-day Median Bid/Ask Spread

0.33%As of Oct 12, 2026

Fund Assets

USD 51,670,000As of Oct 12, 2026
Net assets

Fund inception

July 27, 2026

First exchange trading

July 28, 2026

Staking policy

Target 50–80% under normal conditions. The fund page did not show an actual staked percentage for October 12, 2026.

Staking reward sharing

Stated aggregate 5% deduction for providers and ether custodians. Remaining 95% retained by the trust. Sponsor receives no reward portion.

Reward distributions

Intended monthly cash distributions, and at least quarterly. Amounts and yield are not guaranteed.

Staking providers

Figment Inc.; Galaxy Blockchain Infrastructure LLC; Coinbase Canada, Inc. Named in the July 23, 2026 operative prospectus.