Morgan Stanley Files Amended ETH/SOL ETF Proposals with Market-Lowest Fee Rates
Miles Bennett
Morgan Stanley filed second amended S-1 registrations for spot Ethereum and Solana ETFs with the SEC, setting sponsor fees at 0.14% — below the cheapest comparable products on the market today.
How low is 0.14%?
The current cheapest Ethereum ETF is Grayscale Mini Ethereum Trust at 0.15%. The cheapest Solana ETF is Franklin Templeton's SOEZ at 0.19%.
Morgan Stanley priced both funds at 0.14%, undercutting the floor in both markets at once.
This means → Morgan Stanley is leading with a price war, using rock-bottom fees to capture inflows from day one.
What does the staking arrangement look like?
The filing details a staking program — staking means locking part of the fund's holdings on a blockchain network to help it run and earn rewards. Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada will serve as staking providers.
The funds plan to stake a portion of their holdings for extra yield; staking providers and the custodian will take 5% of staking fees.
In plain terms = investors don't just hold the tokens — the ETF puts them to work, though service providers take a small cut.
Tickers are set — where does the approval stand?
The Ethereum fund will trade as MSSE; the Solana fund as MSOL.
This is the second amendment since both funds were first filed in January, a sign that dialogue with the SEC is advancing.
This reflects an application deep enough into the regulatory process to be substantive — but final approval still rests with the SEC.
Can the Bitcoin ETF playbook repeat?
Morgan Stanley launched its Bitcoin ETF (ticker MSBT) at the same 0.14% fee. As of June 18, MSBT had drawn $300.7 million in net inflows.
This means → the low-fee strategy already works for Bitcoin — money does follow the cheapest option.
Whether ETH and SOL ETFs can copy that path hinges on SEC approval. The product can be priced to win, but it cannot trade until it clears the regulator.
Content is for reference only, not financial advice.