Skip to content
etf.net

MSOL vs TSOL

Morgan Stanley Solana Trust

MSOLANYSE Arca

21Shares Solana ETF

TSOLBCboe

Overlap

Expense ratio

MSOL −0.07pt a year

MSOL0.14%TSOL0.21%

Avg volume · 30D

MSOL 3.5×the volume

MSOL41.6KTSOL11.9K

MSOL vs TSOL Performance

Jul 31, 2026 – Oct 30, 2026

+30.6%MSOL+30.6%TSOL

Jul 31, 2026 to Oct 30, 2026. MSOL +30.6%. TSOL +30.6%. Use the arrow keys to read each point.0%40%60%Jul 2026Sep 2026Oct 2026
Expense ratio
MSOL 0.14%, better
TSOL 0.21%
Fund size
MSOL $48M
TSOL $8M
Holdings
MSOL 1
TSOL 1
Avg volume (30D)
MSOL 41.6K sh, better
TSOL 11.9K sh
NAV per share
MSOL $25.61
TSOL $9.19
52W range

ETF.net Grade

MSOL: Cost 94, Risk 93, Mission not scored, Tradability 62, Holdings 56, Durability 47. TSOL: Cost 54, Risk 50, Mission 100, Tradability 35, Holdings 45, Durability 34.
Pillar letters and Scores for MSOL, TSOL, with each pillar’s weight
PillarMSOLTSOL
Cost30% weightA94HigherC54
Mission25% weightNot scoredA100
Risk15% weightA93HigherC50
Tradability15% weightB62HigherD35
Holdings10% weightB56HigherC45
Durability5% weightC47HigherD34

Rank among Spot Solana funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MSOL and TSOL are both graded against the same 9 Spot Solana funds, so their Grades compare head to head.

Spot Solana⁠

Category · 9 funds
See all 9 ›

MSOL ranks 1st and TSOL 6th of 9 funds in the Spot Solana Category.

  1. Rank 1AMSOLMorgan Stanley Solana TrustScore 82
  2. Rank 2AGSOLGrayscale Solana Staking ETFScore 73
  3. Rank 6BQSOLInvesco Galaxy Solana ETFScore 61
  4. Rank 6BTSOL21Shares Solana ETFScore 61
  5. Rank 8CSSKREX-Osprey SOL + Staking ETFScore 44

Our read on each fund

ETF.net Research

MSOLAMorgan Stanley Solana Trust

TSOLB21Shares Solana ETF

In short

MSOL No data

TSOL Spot Solana in a grantor trust, with part of the stack staked and the rewards paid out as cash rather than kept inside the fund. The SOL is split across three custodians instead of parked with one.

Stated mandate

MSOL No data

TSOL The Trust seeks to provide exposure to Solana held by the Trust, net of operating expenses, and may seek additional Solana through staking.

Why people hold it

MSOL No data

  • TSOL Staking rewards are passed through as quarterly cash distributions, so the rewards show up in your account rather than staying inside the trust.stocktitan.net
  • The 0.21% sponsor fee matches the going rate for spot Solana funds, and 21Shares cut it to 0.00% for a defined window running through July 27, 2027.globenewswire.com
  • Custody is split across Anchorage Digital Bank, BitGo and Coinbase Custody, so no single vault holds the whole position.21shares.com21shares.com 2
  • Plain wrapper: it holds actual SOL, not futures or swaps, and hands the private-key problem to regulated custodians.21shares.com

Worth knowing

MSOL No data

  • TSOL Small and thinly traded next to Solana funds like BSOL and GSOL, which typically means wider spreads and more care needed on limit orders.
  • The fee waiver has an expiration date; the 0.21% sponsor fee resumes after July 27, 2027.globenewswire.com
  • A grantor trust, not a 1940 Act fund, so the usual fund-law protections don't apply. It launched in late 2025, and SOL itself moves violently.21shares.com

Full MSOL profile⁠

Full TSOL profile⁠

MSOL vs TSOL Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MSOL vs TSOL Cost

Overpaying TSOL vs MSOL

$1,425

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MSOL 0.14%

    $2,932

  • TSOL 0.21%

    $4,357

$10,000
30 years

Cost over time

  • MSOL 0.14%
  • TSOL 0.21%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530TSOL $4,357MSOL $2,932

Year by year

YearMSOLTSOLOverpaying
10$256$383$127
20$1,000$1,491$491
30$2,932$4,357$1,425

Expense ratio

  • 0.14%MSOL, cheaper
  • 0.21%TSOL
  • Middle half of Spot Solana funds
  • Median 0.21%

MSOL cheapest of 9 funds

TSOL 5th cheapest of 9 funds

MSOL vs TSOL Dividends

Last 12 months to Oct 30, 2026
Last payment
MSOL $0.05
TSOL $0.08
Ex-dividend
MSOL Oct 19, 2026
TSOL Sep 29, 2026
Paid on
MSOL Oct 20, 2026
TSOL Sep 30, 2026
Frequency
MSOL Irregular
TSOL Quarterly

Distribution history

Per share, 2026, same scale for both

MSOLIrregular · 4 paymentsAll MSOL payments⁠
One bar per payment. 4 payments in 2026 YTD. Sep 3, 2026 $0.06; Sep 17, 2026 $0.04; Oct 5, 2026 $0.07; Oct 19, 2026 $0.05. Use the arrow keys to read each point.$0$0.252026YTD
TSOLQuarterly · 4 paymentsAll TSOL payments⁠
One bar per payment. 4 payments in 2026 YTD. Feb 13, 2026 $0.32; Mar 30, 2026 $0.02; Jun 29, 2026 $0.04; Sep 29, 2026 $0.08. Use the arrow keys to read each point.$0$0.252026YTD

MSOL vs TSOL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
MSOL 0.00TSOL 0.64

Popular comparisons

  • MSOLAvsGSOLA

    Morgan Stanley Solana Trust · Grayscale Solana Staking ETF

    Expense ratio
    0.14% · 0.19%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSOLBvsGSOLA

    21Shares Solana ETF · Grayscale Solana Staking ETF

    Expense ratio
    0.21% · 0.19%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MSOLAvsBSOLA

    Morgan Stanley Solana Trust · Bitwise Solana Staking ETF

    Expense ratio
    0.14% · 0.20%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSOLBvsBSOLA

    21Shares Solana ETF · Bitwise Solana Staking ETF

    Expense ratio
    0.21% · 0.20%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MSOLAvsSOEZA

    Morgan Stanley Solana Trust · Franklin Solana ETF

    Expense ratio
    0.14% · 0.19%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSOLBvsSOEZA

    21Shares Solana ETF · Franklin Solana ETF

    Expense ratio
    0.21% · 0.19%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.