Morgan Stanley (NYSE:MS) has taken another significant step toward offering investors direct exposure to major cryptocurrencies through exchange-traded funds. The firm recently submitted amended registration statements to the US Securities and Exchange Commission (SEC) for its proposed spot Ethereum and Solana ETFs.
These updates provide crucial new details on fees and operational features, signaling continued progress in the company’s expansion into digital asset products.
The amendments, filed on June 18, 2026, represent the second round of revisions to applications originally submitted in January 2026.
They introduce a competitive annual sponsor fee of just 0.14% for both the Ethereum and Solana products.
This expense ratio ranks among the most attractive in the emerging spot crypto ETF category.
For context, it undercuts several competing offerings, including Grayscale’s Mini Ethereum Trust at 0.15% and Franklin Templeton’s Solana ETF at 0.19%.
The low fee structure mirrors the pricing Morgan Stanley applied to its Bitcoin Trust, which successfully launched earlier in 2026 and has already attracted hundreds of millions in inflows.
Beyond the cost advantage, the updated filings incorporate staking capabilities for the underlying assets.
A portion of the Ethereum and Solana holdings within each trust would be staked to generate additional rewards for investors.
Staking services would be provided by established players including Figment Inc., Galaxy Blockchain Infrastructure LLC, and Coinbase Canada, Inc.
According to the amendments, a 5% portion of staking rewards would cover fees paid to these providers and custodians, with the remaining 95% passed through to shareholders.
These rewards would be distributed quarterly in cash form after applicable deductions.
The proposed Ethereum product is expected to trade under the ticker MSSE, while the Solana ETF would use the ticker MSOL on NYSE Arca.
These vehicles would aim to track the spot prices of ETH and SOL, respectively, offering investors a regulated, exchange-listed way to gain exposure without directly holding the cryptocurrencies.
Morgan Stanley Investment Management serves as the sponsor for these trusts, consistent with its approach to the Bitcoin product.
This development builds on Morgan Stanley’s broader push into cryptocurrency-related offerings.
The firm filed initial registration statements for Bitcoin and Solana trusts in early January 2026, followed by an Ethereum filing shortly thereafter.
The Bitcoin Trust’s successful launch in April demonstrated the bank’s ability to navigate the regulatory process for such products.
The latest amendments for Ethereum and Solana suggest active dialogue with regulators and refinements aimed at making the funds more investor-friendly through lower costs and yield-generating features like staking.
For investors, these potential ETFs could represent an accessible entry point into Ethereum and Solana markets via traditional brokerage accounts.
The combination of a low expense ratio and staking rewards has the potential to enhance net returns compared to higher-fee alternatives, though actual performance would depend on market conditions, staking yields, and operational execution.
Staking also introduces additional considerations, such as network-specific risks and the timing of reward distributions.
It remains important to note that the filings are still under SEC review.
There is no guaranteed approval timeline or launch date at this stage. Market participants will continue monitoring for further updates or comments from regulators as the process unfolds.
Morgan Stanley’s amended filings highlight the institutional interest in structured crypto investment products and the competitive push toward lower costs and enhanced features like staking. As the regulatory landscape for digital asset ETFs continues to evolve in 2026, these developments could pave the way for broader mainstream adoption of Ethereum and Solana exposure through conventional financial channels.
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