Key takeaways
- Morgan Stanley changed ETH and SOL ETF deposits, setting a low sponsor fee of 0.14%.
- MSSE and MSOL could put pressure on their rivals, reducing Grayscale’s 0.15% ETH fees.
- Figment, Galaxy and Coinbase Canada can stake assets, with 5% rewards awarded.
Morgan Stanley expands Cryptocurrency ETF Push with low cost Ethereum and Solana Funds
Morgan Stanley is getting closer to the launch of the Ethereum spot and Solana exchange-traded funds (ETFs) after filing new amendments with the United States Securities and Exchange Commission.
The Wall Street bank submitted amended S-1 registration statements for both products on Thursday (June 18). The filings mark the second changes for the ETH And GROUND ETF applications, which were first filed in January.
The latest filings show each fund would charge a sponsor fee of 0.14%. If launched at this rate, Morgan Stanley’s products would be lower than current prices in both markets.
Grayscale’s Mini Ethereum Trust currently has the lowest fees among Ethereum ETFs at 0.15%, while Franklin Templeton’s Solana The ETF has the lowest fees among Solana products at 0.19%.
The Ethereum ETF is expected to trade under the ticker MSSE. THE Solana the fund is expected to trade under MSOL.
Staking Suppliers named in filings
The amendments also revealed more details on how the funds will be managed staking.
Figment Inc., Galaxy Blockchain Infrastructure LLC and Coinbase Canada Inc. are listed as staking service providers. Morgan Stanley plans to bet part of the ether and Solana held by funds to generate additional rewards.
The documents indicated that 5% of staking rewards would be paid to staking service providers and depositories.
This feature could help differentiate funds in a crowded ETF market. Staking allows us to prove bet assets such as Ethereum and Solana to earn network rewards, although this also adds operational and regulatory complexity.
For investors, the structure can provide a combination of spot price exposure and additional yield. For transmitters, staking becomes one of the next battlefields crypto ETF competition.
Changes signal progress toward launch
Additional amendments often suggest an active dialogue between an issuer and the SEC. They do not guarantee approval, but they generally indicate that the launch process is moving forward.
Morgan Stanley has already used pricing to gain traction crypto ETFs. It’s Morgan Stanley Bitcoin Trust (MSBT), launched in April with the same 0.14% sponsor fee, undercutting many established spots bitcoin funds. As of June 18, MSBT had attracted $300.7 million in cumulative net inflows.
The rise of banking in Ethereum and Solana funds shows how quickly major financial institutions are growing beyond Bitcoin. A low fee strategy, combined with staking, could make Morgan Stanley a serious contender as the next wave of crypto ETFs heads to market.
