Morgan Stanley’s MSOL draws inflows as Fidelity’s FSOL sheds $1.8 million

Two of Wall Street’s most recognizable names are running Solana funds. This week, they went in opposite directions.

Morgan Stanley’s Solana Trust, ticker MSOL, has not sold any SOL and has pulled in fresh money. Meanwhile, Fidelity sold $1.8 million of SOL in a single session. Same asset, same week, very different vibes.

The broader category of US spot Solana exchange-traded products saw outflows of approximately $25 million during the week. MSOL was swimming upstream.

The flow numbers

On October 8, 2026, MSOL recorded an inflow between $1.77M and $1.8M. That came on a day when the Solana ETP cohort as a whole was losing money.

Fidelity’s FSOL went the other way. The fund logged a $1.8M outflow in October, matching reports that Fidelity sold SOL.

For context on scale, MSOL is still the smaller player. It manages approximately $52M in assets, which trails competitors such as BSOL.

FSOL has also shown intermittent redemptions rather than a single bad day.

How Solana ETPs got here

The Solana ETP cohort first launched in May 2026. Since then, it has accumulated approximately $1.56 billion in net inflows.

As of mid-October 2026, the group held around $1.62 billion in net assets.

MSOL listed on NYSE Arca in late July 2026, entering a market where rivals already had a head start on assets.

To compete, Morgan Stanley leaned on two features. The first is price: MSOL charges an expense ratio of 0.14%. The second is yield: the fund passes up to 95% of staking rewards to investors.

What this means for Solana fund investors

When the overall category is shedding money, a fund with a low fee and staking pass-through still managed to attract capital.

An inflow of around $1.8 million into a fund of approximately $52M is meaningful for MSOL. Measured against a category holding around $1.62 billion, it is a rounding error.

The broader category flows deserve the most attention. Approximately $25 million in weekly outflows, after a strong summer, hints that investors are taking a wait-and-see approach. Cumulative net inflows of approximately $1.56 billion give the group a sizable cushion.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.