Morgan Stanley Targets ETH, SOL ETFs With 0.14% Fee
Morgan Stanley amended SEC filings for proposed Ethereum and Solana ETFs, proposing a 0.14% management fee and staking with institutional custody while filings await effectiveness.
Morgan Stanley amended registration statements with the U.S. Securities and Exchange Commission for proposed Ethereum and Solana exchange-traded funds, proposing a 0.14% annual management fee. The filings are not yet effective and the firm has not announced launch dates.
The Morgan Stanley Ethereum Trust would list on NYSE Arca as MSSE and use the Ether Benchmark 4PM NY Settlement Rate. The filing says the manager intends to stake 50% to 80% of the trust’s ether under normal conditions. BNY and Coinbase Custody are named as custodians. Staking providers and custodians would receive a combined 5% of staking rewards, with the remainder accruing to the trust. Net staking rewards would be distributed monthly when available and at least quarterly. The filing does not guarantee specific payout amounts.
The Morgan Stanley Solana Trust would list on NYSE Arca as MSOL and use the Solana Benchmark 4PM NY Settlement Rate. The filing allows the trust to stake up to 100% of its SOL while keeping some tokens unstaked to meet redemptions, expenses and distributions. BNY and Coinbase Custody are named as custodians for MSOL. Staking providers and custodians would share 5% of staking rewards, with 95% accruing to the trust. The filing states validator block rewards and transaction fees would not accrue directly to shareholders. Net staking rewards would be distributed monthly when available and at least quarterly.
Morgan Stanley used the same 0.14% fee for its Morgan Stanley Bitcoin Trust, which began trading as MSBT on April 8, 2026. MSBT opened priced below other retail spot bitcoin ETFs; as of July 10, 2026 the fund traded at $18.47 per share and held about $364.23 million in total net assets.
Other issuers have already launched spot Solana products in the U.S. market. Bitwise launched BSOL on NYSE Arca in October 2025 and applies active staking so staking rewards contribute to fund returns after expenses.
On the social platform X, Brian Rudick, chief strategy officer at Upexi and a former head of research at GSR, wrote that issuers tend to compete on price once multiple funds offer similar exposure and noted that SOL ETF assets under management had surpassed $1 billion, led by BSOL.
The registration statements must be declared effective by the SEC before shares can be sold.
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