morgan stanley ether

Morgan Stanley Ethereum Trust ("MSSE" or the "Trust"), an ETP, is not registered under the Investment Company Act of 1940, as amended (the "40 Act") and therefore is not subject to the same regulations and protections as 1940 Act-registered ETFs and mutual funds. Investing involves risk, including possible loss of principal. An investment in MSSE is subject to a high degree of risk and heightened volatility. MSSE is not suitable for an investor that cannot afford the loss of the entire investment. An investment in the Trust is not a direct investment in ether.