TL;DR:
- Morgan Stanley filed amendments with the SEC for its Ethereum and Solana ETFs, with a 0.14% fee for both funds.
- That rate would be the lowest in the market in both categories, below Grayscale (0.15% for ETH) and Franklin Templeton (0.19% for SOL).
- The funds plan to stake a portion of their assets with Figment, Galaxy Blockchain Infrastructure and Coinbase Canada as providers.
Morgan Stanley filed amendments to the S-1 registration statements with the U.S. Securities and Exchange Commission (SEC) for its spot Ethereum and Solana ETFs. These are the second amendments to both filings, originally submitted in January 2026, and their presentation signals concrete progress in the approval process.
The most significant detail in the new documents is the sponsor fee set at 0.14% for both funds. That rate would make them the cheapest in their respective markets in the United States. Currently, the Grayscale Mini Ethereum Trust offers the lowest fee among ETH ETFs at 0.15%, while Franklin Templeton’s SOEZ leads the Solana segment at 0.19%, according to SoSoValue data.
Morgan Stanley Uses Aggressive Pricing as a Strategy
The Morgan Stanley filings also revealed that Figment Inc., Galaxy Blockchain Infrastructure LLC and Coinbase Canada, Inc. will act as staking service providers for both funds.
The structure provides for the vehicles to delegate a portion of their held assets to generate additional returns, with a 5% fee allocated to staking providers and custodians. The Ethereum fund will trade under the ticker MSSE and the Solana fund under MSOL.
The filing of successive amendments to an SEC application typically reflects an active dialogue between the issuing entity and the regulator, which in practice indicates that the process is advancing and Morgan Stanley’s funds are nearly ready.
The Morgan Stanley Bitcoin Trust (MSBT), filed simultaneously alongside the other two funds, debuted on the market in April and accumulated a total of $300.7 million in net inflows through June 18. Its sponsor fee of 0.14% proved decisive in capturing flows from already established bitcoin funds. This aggressive pricing strategy, now applied to the Ethereum and Solana products as well, suggests the firm is looking to replicate that inflow model across the new segments.
