Key facts Morgan Stanley filed second-amended S-1 registration statements with the U.S. Securities and Exchange Commission (SEC) on 18 June 2026 for spot Ethereum and Solana exchange-traded funds (ETFs). Both funds set a sponsor fee of 0.14%, the lowest disclosed rate in each market. The fee accrues daily on net asset value and is paid monthly. The Ethereum fund is expected to trade as MSSE and the Solana fund as MSOL on NYSE Arca, with Morgan Stanley Investment Management as the delegated sponsor.
Filings follow a January start and May updateThe bank first filed all three crypto trusts — Bitcoin, Ethereum, and Solana — in January 2026. May amendments added the proposed ticker symbols but withheld fee figures. The June filings disclosed the pricing for the first time. Repeated amendments reflect active back-and-forth with the SEC and movement toward a launch. No firm launch date has been set for either fund.
Fees undercut Grayscale and Franklin Templeton rivalsThe 0.14% fee would undercut the current cheapest options in both categories. Grayscale's Mini Ethereum Trust charges 0.15% for ether, while Franklin Templeton's SOEZ charges 0.19% for Solana, according to SoSoValue data. The move sets a new low for crypto ETF pricing in the United States and intensifies a fee war among issuers. Applying the same low pricing it used for Bitcoin suggests Morgan Stanley plans to compete primarily on cost. The bank can lean on its large wealth-management and advisory network to direct client assets into its own products.
"Morgan Stanley Ether and Solana ETFs nearing launch. The fee on each is going to be 14bps, making them the cheapest in the U.S. and world", 19 June 2026.
— Eric Balchunas, Senior ETF Analyst, Bloomberg
Staking returns 95% of rewards to investorsBoth funds plan to stake a portion of their holdings to generate additional rewards. The filings name Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada as staking service providers. Under the disclosed structure, 95% of staking rewards stay inside each trust, and 5% goes to providers and custodians. The sponsor receives no share of staking rewards beyond the management fee. For the Ethereum fund, custodians deposit ether into staking smart contracts while third-party providers run validators. The Solana fund uses a delegated validator model in which custodians do not hold the private keys for staked SOL.
Ether and Solana prices at time of publicationEther traded at $1,723 at the time of publication, up 1.6% over the prior 24 hours (CoinPaprika, 20 June 2026). Solana traded at $71.62 over the same period, up 4.7% (CoinPaprika, 20 June 2026). Ether's 24-hour trading volume reached about $5.3 billion, against $1.7 billion for Solana (CoinPaprika, 20 June 2026). Ether and Solana rank as the second- and seventh-largest cryptocurrencies by market value (CoinPaprika, 20 June 2026). If regulators approve the funds, the two assets would join Bitcoin as the three largest with US spot ETFs.
Bitcoin fund precedes the new applicationsThe amendments extend a crypto buildout that Morgan Stanley began with Bitcoin. Its spot Bitcoin fund, MSBT, launched in April 2026 at the same 0.14% fee and undercut established competitors, including BlackRock's IBIT. MSBT has drawn roughly $300.7 million in cumulative net inflows as of 18 June 2026, according to SoSoValue. Morgan Stanley plans to apply the same low-cost model across all three of its crypto funds. The Ethereum and Solana funds remain under SEC review, and trading cannot begin until the filings take effect.
Primary source: Source ↗ The bank first filed all three crypto trusts — Bitcoin, Ethereum, and Solana — in January 2026. May amendments added the proposed ticker symbols but withheld fee figures. The June filings disclosed the pricing for the first time. Repeated amendments reflect active back-and-forth with the SEC and movement toward a launch. No firm launch date has been set for either fund.
Fees undercut Grayscale and Franklin Templeton rivalsThe 0.14% fee would undercut the current cheapest options in both categories. Grayscale's Mini Ethereum Trust charges 0.15% for ether, while Franklin Templeton's SOEZ charges 0.19% for Solana, according to SoSoValue data. The move sets a new low for crypto ETF pricing in the United States and intensifies a fee war among issuers. Applying the same low pricing it used for Bitcoin suggests Morgan Stanley plans to compete primarily on cost. The bank can lean on its large wealth-management and advisory network to direct client assets into its own products.
"Morgan Stanley Ether and Solana ETFs nearing launch. The fee on each is going to be 14bps, making them the cheapest in the U.S. and world", 19 June 2026.
— Eric Balchunas, Senior ETF Analyst, Bloomberg
Staking returns 95% of rewards to investorsBoth funds plan to stake a portion of their holdings to generate additional rewards. The filings name Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada as staking service providers. Under the disclosed structure, 95% of staking rewards stay inside each trust, and 5% goes to providers and custodians. The sponsor receives no share of staking rewards beyond the management fee. For the Ethereum fund, custodians deposit ether into staking smart contracts while third-party providers run validators. The Solana fund uses a delegated validator model in which custodians do not hold the private keys for staked SOL.
Ether and Solana prices at time of publicationEther traded at $1,723 at the time of publication, up 1.6% over the prior 24 hours (CoinPaprika, 20 June 2026). Solana traded at $71.62 over the same period, up 4.7% (CoinPaprika, 20 June 2026). Ether's 24-hour trading volume reached about $5.3 billion, against $1.7 billion for Solana (CoinPaprika, 20 June 2026). Ether and Solana rank as the second- and seventh-largest cryptocurrencies by market value (CoinPaprika, 20 June 2026). If regulators approve the funds, the two assets would join Bitcoin as the three largest with US spot ETFs.
Bitcoin fund precedes the new applicationsThe amendments extend a crypto buildout that Morgan Stanley began with Bitcoin. Its spot Bitcoin fund, MSBT, launched in April 2026 at the same 0.14% fee and undercut established competitors, including BlackRock's IBIT. MSBT has drawn roughly $300.7 million in cumulative net inflows as of 18 June 2026, according to SoSoValue. Morgan Stanley plans to apply the same low-cost model across all three of its crypto funds. The Ethereum and Solana funds remain under SEC review, and trading cannot begin until the filings take effect.
Primary source: Source ↗ The 0.14% fee would undercut the current cheapest options in both categories. Grayscale's Mini Ethereum Trust charges 0.15% for ether, while Franklin Templeton's SOEZ charges 0.19% for Solana, according to SoSoValue data. The move sets a new low for crypto ETF pricing in the United States and intensifies a fee war among issuers. Applying the same low pricing it used for Bitcoin suggests Morgan Stanley plans to compete primarily on cost. The bank can lean on its large wealth-management and advisory network to direct client assets into its own products.
"Morgan Stanley Ether and Solana ETFs nearing launch. The fee on each is going to be 14bps, making them the cheapest in the U.S. and world", 19 June 2026.
— Eric Balchunas, Senior ETF Analyst, Bloomberg
Staking returns 95% of rewards to investorsBoth funds plan to stake a portion of their holdings to generate additional rewards. The filings name Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada as staking service providers. Under the disclosed structure, 95% of staking rewards stay inside each trust, and 5% goes to providers and custodians. The sponsor receives no share of staking rewards beyond the management fee. For the Ethereum fund, custodians deposit ether into staking smart contracts while third-party providers run validators. The Solana fund uses a delegated validator model in which custodians do not hold the private keys for staked SOL.
Ether and Solana prices at time of publicationEther traded at $1,723 at the time of publication, up 1.6% over the prior 24 hours (CoinPaprika, 20 June 2026). Solana traded at $71.62 over the same period, up 4.7% (CoinPaprika, 20 June 2026). Ether's 24-hour trading volume reached about $5.3 billion, against $1.7 billion for Solana (CoinPaprika, 20 June 2026). Ether and Solana rank as the second- and seventh-largest cryptocurrencies by market value (CoinPaprika, 20 June 2026). If regulators approve the funds, the two assets would join Bitcoin as the three largest with US spot ETFs.
Bitcoin fund precedes the new applicationsThe amendments extend a crypto buildout that Morgan Stanley began with Bitcoin. Its spot Bitcoin fund, MSBT, launched in April 2026 at the same 0.14% fee and undercut established competitors, including BlackRock's IBIT. MSBT has drawn roughly $300.7 million in cumulative net inflows as of 18 June 2026, according to SoSoValue. Morgan Stanley plans to apply the same low-cost model across all three of its crypto funds. The Ethereum and Solana funds remain under SEC review, and trading cannot begin until the filings take effect.
Primary source: Source ↗ "Morgan Stanley Ether and Solana ETFs nearing launch. The fee on each is going to be 14bps, making them the cheapest in the U.S. and world", 19 June 2026.
— Eric Balchunas, Senior ETF Analyst, Bloomberg
Staking returns 95% of rewards to investorsBoth funds plan to stake a portion of their holdings to generate additional rewards. The filings name Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada as staking service providers. Under the disclosed structure, 95% of staking rewards stay inside each trust, and 5% goes to providers and custodians. The sponsor receives no share of staking rewards beyond the management fee. For the Ethereum fund, custodians deposit ether into staking smart contracts while third-party providers run validators. The Solana fund uses a delegated validator model in which custodians do not hold the private keys for staked SOL.
Ether and Solana prices at time of publicationEther traded at $1,723 at the time of publication, up 1.6% over the prior 24 hours (CoinPaprika, 20 June 2026). Solana traded at $71.62 over the same period, up 4.7% (CoinPaprika, 20 June 2026). Ether's 24-hour trading volume reached about $5.3 billion, against $1.7 billion for Solana (CoinPaprika, 20 June 2026). Ether and Solana rank as the second- and seventh-largest cryptocurrencies by market value (CoinPaprika, 20 June 2026). If regulators approve the funds, the two assets would join Bitcoin as the three largest with US spot ETFs.
Bitcoin fund precedes the new applicationsThe amendments extend a crypto buildout that Morgan Stanley began with Bitcoin. Its spot Bitcoin fund, MSBT, launched in April 2026 at the same 0.14% fee and undercut established competitors, including BlackRock's IBIT. MSBT has drawn roughly $300.7 million in cumulative net inflows as of 18 June 2026, according to SoSoValue. Morgan Stanley plans to apply the same low-cost model across all three of its crypto funds. The Ethereum and Solana funds remain under SEC review, and trading cannot begin until the filings take effect.
Primary source: Source ↗ Staking returns 95% of rewards to investorsBoth funds plan to stake a portion of their holdings to generate additional rewards. The filings name Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada as staking service providers. Under the disclosed structure, 95% of staking rewards stay inside each trust, and 5% goes to providers and custodians. The sponsor receives no share of staking rewards beyond the management fee. For the Ethereum fund, custodians deposit ether into staking smart contracts while third-party providers run validators. The Solana fund uses a delegated validator model in which custodians do not hold the private keys for staked SOL.
Ether and Solana prices at time of publicationEther traded at $1,723 at the time of publication, up 1.6% over the prior 24 hours (CoinPaprika, 20 June 2026). Solana traded at $71.62 over the same period, up 4.7% (CoinPaprika, 20 June 2026). Ether's 24-hour trading volume reached about $5.3 billion, against $1.7 billion for Solana (CoinPaprika, 20 June 2026). Ether and Solana rank as the second- and seventh-largest cryptocurrencies by market value (CoinPaprika, 20 June 2026). If regulators approve the funds, the two assets would join Bitcoin as the three largest with US spot ETFs.
Bitcoin fund precedes the new applicationsThe amendments extend a crypto buildout that Morgan Stanley began with Bitcoin. Its spot Bitcoin fund, MSBT, launched in April 2026 at the same 0.14% fee and undercut established competitors, including BlackRock's IBIT. MSBT has drawn roughly $300.7 million in cumulative net inflows as of 18 June 2026, according to SoSoValue. Morgan Stanley plans to apply the same low-cost model across all three of its crypto funds. The Ethereum and Solana funds remain under SEC review, and trading cannot begin until the filings take effect.
Primary source: Source ↗ Both funds plan to stake a portion of their holdings to generate additional rewards. The filings name Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada as staking service providers. Under the disclosed structure, 95% of staking rewards stay inside each trust, and 5% goes to providers and custodians. The sponsor receives no share of staking rewards beyond the management fee. For the Ethereum fund, custodians deposit ether into staking smart contracts while third-party providers run validators. The Solana fund uses a delegated validator model in which custodians do not hold the private keys for staked SOL.
Ether and Solana prices at time of publicationEther traded at $1,723 at the time of publication, up 1.6% over the prior 24 hours (CoinPaprika, 20 June 2026). Solana traded at $71.62 over the same period, up 4.7% (CoinPaprika, 20 June 2026). Ether's 24-hour trading volume reached about $5.3 billion, against $1.7 billion for Solana (CoinPaprika, 20 June 2026). Ether and Solana rank as the second- and seventh-largest cryptocurrencies by market value (CoinPaprika, 20 June 2026). If regulators approve the funds, the two assets would join Bitcoin as the three largest with US spot ETFs.
Bitcoin fund precedes the new applicationsThe amendments extend a crypto buildout that Morgan Stanley began with Bitcoin. Its spot Bitcoin fund, MSBT, launched in April 2026 at the same 0.14% fee and undercut established competitors, including BlackRock's IBIT. MSBT has drawn roughly $300.7 million in cumulative net inflows as of 18 June 2026, according to SoSoValue. Morgan Stanley plans to apply the same low-cost model across all three of its crypto funds. The Ethereum and Solana funds remain under SEC review, and trading cannot begin until the filings take effect.
Primary source: Source ↗ Ether traded at $1,723 at the time of publication, up 1.6% over the prior 24 hours (CoinPaprika, 20 June 2026). Solana traded at $71.62 over the same period, up 4.7% (CoinPaprika, 20 June 2026). Ether's 24-hour trading volume reached about $5.3 billion, against $1.7 billion for Solana (CoinPaprika, 20 June 2026). Ether and Solana rank as the second- and seventh-largest cryptocurrencies by market value (CoinPaprika, 20 June 2026). If regulators approve the funds, the two assets would join Bitcoin as the three largest with US spot ETFs.
Bitcoin fund precedes the new applicationsThe amendments extend a crypto buildout that Morgan Stanley began with Bitcoin. Its spot Bitcoin fund, MSBT, launched in April 2026 at the same 0.14% fee and undercut established competitors, including BlackRock's IBIT. MSBT has drawn roughly $300.7 million in cumulative net inflows as of 18 June 2026, according to SoSoValue. Morgan Stanley plans to apply the same low-cost model across all three of its crypto funds. The Ethereum and Solana funds remain under SEC review, and trading cannot begin until the filings take effect.
Primary source: Source ↗ The amendments extend a crypto buildout that Morgan Stanley began with Bitcoin. Its spot Bitcoin fund, MSBT, launched in April 2026 at the same 0.14% fee and undercut established competitors, including BlackRock's IBIT. MSBT has drawn roughly $300.7 million in cumulative net inflows as of 18 June 2026, according to SoSoValue. Morgan Stanley plans to apply the same low-cost model across all three of its crypto funds. The Ethereum and Solana funds remain under SEC review, and trading cannot begin until the filings take effect.
Primary source: Source ↗ Primary source: Source ↗ Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.