Morgan Stanley Files Low-Cost Ether, Solana ETFs with Staking

Morgan Stanley filed amended registration statements for spot Ethereum and Solana ETFs on June 18, adding staking and a 0.14% annual sponsor fee. The fee undercuts Grayscale's Mini Ethereum Trust at 0.15% and Franklin Templeton's Solana ETF at 0.19%. It matches the pricing Morgan Stanley used for its Bitcoin Trust, which launched earlier in 2026 and has drawn hundreds of millions in inflows.

The amendments, the second round of revisions to applications first submitted in January, include staking for the underlying assets. A portion of each trust's Ethereum and Solana holdings would be staked through providers Figment Inc., Galaxy Blockchain Infrastructure LLC, and Coinbase Canada Inc. According to the filings, 5% of staking rewards would cover fees to those providers and custodians. The remaining 95% would pass through to shareholders as quarterly cash distributions.

The proposed Ethereum ETF would trade under MSSE on NYSE Arca. The Solana product would use MSOL. Both aim to track spot prices of ETH and SOL, giving investors a regulated, exchange-listed way to hold the cryptocurrencies without direct custody.

Morgan Stanley Investment Management is the sponsor, the same structure used for the Bitcoin Trust. The bank's first crypto ETF filings came in early January 2026, with the Bitcoin product approved and launched in April. The latest Ethereum and Solana amendments suggest ongoing dialogue with the SEC and refinements to make the funds more attractive through lower costs and yield features.

For investors, the combination of a 0.14% fee and staking rewards could improve net returns versus higher-fee alternatives. Actual performance depends on market conditions, staking yields, and execution. Staking also introduces network-specific risks and timing of reward distributions.

The filings remain under SEC review. No approval timeline or launch date has been set.

Check the MS stock page for updates on Morgan Stanley's crypto product pipeline.