Morgan Stanley submitted amended registration statements on June 18 2026 for its proposed spot Ethereum and Solana exchange‑traded funds, seeking SEC approval for the Morgan Stanley Ethereum Trust (ticker MSSE) and the Morgan Stanley Solana Trust (ticker MSOL).
Regulatory Filings
The amended documents detail that each trust will levy a 0.14 % annual sponsor fee on net asset value, with the charge calculated daily and settled on a monthly basis. The filings position Morgan Stanley’s ETFs as the first U.S. spot offerings for both Ethereum and Solana, expanding the firm’s foothold in the crypto market.
Fee Comparison
At 0.14 %, the sponsor fee ranks as the lowest among U.S. Ethereum and Solana ETFs, undercutting Grayscale’s Mini Ethereum Trust (0.15 %) and Franklin Templeton’s Solana fund (0.19 %). This competitive rate aims to attract price‑sensitive investors seeking exposure to blockchain assets without excessive expense.
Staking Allocation
Both trusts plan to stake a portion of their holdings to capture on‑chain rewards, allocating 95 % of staking income to investors while directing the remaining 5 % to service providers. Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada are named as the staking partners, with BNY Mellon and Coinbase acting as custodians.
The Ethereum trust intends to stake between 50 % and 80 % of its ether holdings, whereas the Solana trust may allocate up to 100 % of its SOL to staking activities. By returning the bulk of rewards to investors, the funds aim to enhance yield for crypto‑focused portfolios.