Morgan Stanley unveils low-fee, staking-enabled crypto ETFs
6.6 Investments Morgan Stanley updated its Ethereum and Solana ETF filings, adding a 0.14% fee and a staking model returning 95% of rewards to investors. The ETFs await SEC approval and target institutional crypto adoption.
Morgan Stanley has updated its registration statements for proposed Ethereum and Solana ETFs, introducing a 0.14% annual sponsor fee. The new structure allows 95% of staking rewards to remain within the trusts, with the remaining 5% allocated to service providers and custodians. The Ethereum ETF will trade under the ticker MSSE and the Solana ETF under MSOL, both on NYSE Arca, pending SEC approval. The filings specify that the sponsor will not receive any staking rewards beyond the management fee, ensuring most staking income benefits investors. These passive trusts use no leverage or derivatives and aim to track benchmark rates plus staking rewards. The filings highlight increasing institutional interest in crypto ETFs and could enhance legitimacy and investor engagement in Ethereum and Solana. The ETFs are still under SEC review, with no launch date announced.
