Key Takeaways
- • Morgan Stanley filed amended S-1 registration statements for spot Ethereum and Solana ETFs with a 0.14% annual sponsorship fee, positioning both as the cheapest ETH and SOL ETFs globally according to Bloomberg ETF analyst Eric Balchunas.
- • The proposed ETFs will trade under tickers MSSE (Ethereum) and MSOL (Solana) on NYSE Arca, with staking arrangements that retain 95% of staking rewards for fund investors.
- • Morgan Stanley named Figment, Galaxy, and Coinbase Canada as designated staking providers, creating a diversified infrastructure for yield generation across the two proposed products.
- • The 0.14% fee structure translates to approximately $14 in annual costs per $10,000 invested, undercutting existing competitors including Franklin Templeton's SOEZ offering.
- • The amended filings represent material regulatory progress, signaling SEC receptiveness to Morgan Stanley's spot cryptocurrency ETF applications and staking revenue models.
Summary
Morgan Stanley has advanced its cryptocurrency ETF strategy by filing second-amended S-1 registration statements with the SEC for spot Ethereum and Solana exchange-traded funds, according to filings disclosed on June 19, 2026. The bank has set an aggressive 0.14% annual sponsorship fee for both products—a rate that Bloomberg ETF analyst Eric Balchunas characterized as the lowest available in either market globally.
The proposed Ethereum ETF will trade under the ticker MSSE, while the Solana equivalent will trade as MSOL, both on NYSE Arca. This fee positioning directly undercuts Franklin Templeton's competing Solana ETF offering (SOEZ), establishing Morgan Stanley as a price leader in the emerging spot crypto ETF category. The 0.14% annual fee structure implies approximately $14 in costs annually for every $10,000 invested, making the products accessible to institutional and retail investors seeking low-cost exposure to these digital assets.
A distinguishing feature of Morgan Stanley's amended filings is the incorporation of staking infrastructure designed to generate additional investor returns. The proposed ETF structure allocates a portion of held assets to staking arrangements, with a committed 95% of staking rewards flowing directly to the fund and its shareholders. Morgan Stanley designated Figment, Galaxy, and Coinbase Canada as the primary staking providers, creating a multi-provider framework that mitigates single-point-of-failure risks and distributes operational dependencies across established cryptocurrency infrastructure operators.
The amended filings represent tangible regulatory progress in the institutional cryptocurrency market. The inclusion of staking mechanics and the SEC's apparent receptiveness to Morgan Stanley's application structure suggest growing regulatory comfort with more complex cryptocurrency investment products that combine traditional ETF mechanics with yield-generating digital asset features. This development aligns with the broader institutional adoption trajectory in digital assets and positions Morgan Stanley competitively within the expanding spot crypto ETF landscape.
The proposed Ethereum ETF will trade under the ticker MSSE, while the Solana equivalent will trade as MSOL, both on NYSE Arca. This fee positioning directly undercuts Franklin Templeton's competing Solana ETF offering (SOEZ), establishing Morgan Stanley as a price leader in the emerging spot crypto ETF category. The 0.14% annual fee structure implies approximately $14 in costs annually for every $10,000 invested, making the products accessible to institutional and retail investors seeking low-cost exposure to these digital assets.
A distinguishing feature of Morgan Stanley's amended filings is the incorporation of staking infrastructure designed to generate additional investor returns. The proposed ETF structure allocates a portion of held assets to staking arrangements, with a committed 95% of staking rewards flowing directly to the fund and its shareholders. Morgan Stanley designated Figment, Galaxy, and Coinbase Canada as the primary staking providers, creating a multi-provider framework that mitigates single-point-of-failure risks and distributes operational dependencies across established cryptocurrency infrastructure operators.
The amended filings represent tangible regulatory progress in the institutional cryptocurrency market. The inclusion of staking mechanics and the SEC's apparent receptiveness to Morgan Stanley's application structure suggest growing regulatory comfort with more complex cryptocurrency investment products that combine traditional ETF mechanics with yield-generating digital asset features. This development aligns with the broader institutional adoption trajectory in digital assets and positions Morgan Stanley competitively within the expanding spot crypto ETF landscape.
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