Morgan Stanley Ethereum Trust is a spot Ethereum ETF filed by Morgan Stanley Investment Management on January 7, 2026. The trust would be a passive investment vehicle designed to track the price of Ether (ETH), net of fees and expenses. The filing includes a staking feature, with plans to engage third-party staking service providers to generate network rewards.

The trust holds Ether directly and values shares daily based on a pricing benchmark from major trading platforms. The staking rewards are reflected in the fund's net asset value rather than distributed directly to shareholders. This structure differs from some rival issuers like Grayscale that pay staking income directly to investors.

The Ethereum filing followed Morgan Stanley's Bitcoin and Solana Trust submissions by approximately 24 hours, marking three crypto ETF filings within a 48-hour period. The trust is sponsored by Morgan Stanley Investment Management, which oversees more than $1.8 trillion in assets.