Morgan Stanley filed amended S-1 registration statements with the U.S. Securities and Exchange Commission on Thursday, June 18, for spot ethereum and solana exchange-traded funds, setting a 0.14% sponsor fee for both products. The filings mark the second amendments for the ETH and SOL ETF applications, which were first filed in January. The 0.14% fee would undercut Grayscale's Mini Ethereum Trust at 0.15% and Franklin Templeton's solana ETF at 0.19%, positioning Morgan Stanley as a low-cost competitor in both markets.
Morgan Stanley Sets 0.14% Fee for Ethereum and Solana ETFs
The amended filings show that each fund would charge a 0.14% sponsor fee. The ethereum ETF is expected to trade under the ticker MSSE. The solana fund is expected to trade under MSOL. If launched at that rate, Morgan Stanley's products would undercut current fee leaders in both markets. Grayscale's Mini Ethereum Trust currently has the lowest fee among ethereum ETFs at 0.15%, while Franklin Templeton's solana ETF has the lowest fee among Solana products at 0.19%.
Morgan Stanley's Morgan Stanley Bitcoin Trust (MSBT), launched in April with the same 0.14% sponsor fee, had attracted $300.7 million in cumulative net inflows as of June 18.
Figment, Galaxy, and Coinbase Canada Named as Staking Providers
The amendments revealed details on how the funds will handle staking. Figment Inc., Galaxy Blockchain Infrastructure LLC, and Coinbase Canada Inc. are listed as staking service providers. Morgan Stanley plans to stake a portion of the ether and solana held by the funds to generate additional rewards. The filings said 5% of staking rewards would be paid to staking service providers and custodians.
![Morgan Stanley ETF Filing]()
Source: Eric Balchunas on X
Second Amendments Filed on June 18
Morgan Stanley submitted the second amendments on Thursday, June 18. The Wall Street bank first filed the ETH and SOL ETF applications in January. Additional amendments often suggest active dialogue between an issuer and the SEC.
FAQ
What fee did Morgan Stanley set for its ethereum and solana ETFs?
Morgan Stanley set a 0.14% sponsor fee for both the ethereum ETF (ticker MSSE) and the solana ETF (ticker MSOL) in amended filings submitted on Thursday, June 18.
Who are the staking service providers for Morgan Stanley's ETH and SOL ETFs?
Figment Inc., Galaxy Blockchain Infrastructure LLC, and Coinbase Canada Inc. are listed as staking service providers. The filings state that 5% of staking rewards would be paid to staking service providers and custodians.
How does Morgan Stanley's 0.14% fee compare to competitors?
The 0.14% fee undercuts Grayscale's Mini Ethereum Trust at 0.15% and Franklin Templeton's solana ETF at 0.19%. Morgan Stanley's Bitcoin Trust (MSBT), launched in April with the same 0.14% fee, had attracted $300.7 million in cumulative net inflows as of June 18.
