Morgan Stanley Ethereum and Solana ETFs Reveal Record-low Fees
BITmarkets Team
Jun 22, 2026
The investment bank submitted amended Form S-1 filings to the US Securities and Exchange Commission (SEC) on Thursday, outlining a proposed fee of 0.14% for both products. If approved, the pricing would undercut all competing spot Ether and Solana ETFs currently trading in the United States. At present, the lowest-fee spot Ether ETF is Grayscale’s Ethereum Staking Mini ETF, which charges 0.15%, while Franklin Templeton’s Franklin Solana ETF carries the lowest fee among spot Solana products at 0.19%.
The updated filings mark the second amendment since Morgan Stanley initially applied for the ETFs in January. Such revisions are often viewed as a sign that regulatory approval may be approaching. If launched, the products would become the 11th spot Ether ETF and the seventh spot Solana ETF available to US investors.
Bloomberg ETF analyst Eric Balchunas highlighted the aggressive pricing strategy, stating that the proposed fees make the products “the cheapest in [the] US and [the] world.”
Aggressive pricing strategy aims to win market share
Morgan Stanley’s decision to offer lower fees reflects its strategy of competing with established issuers that currently dominate the spot crypto ETF market, including BlackRock and Fidelity. The firm employed a similar approach when it launched its spot Bitcoin ETF in April. That product also debuted with a 0.14% fee, narrowly undercutting Grayscale’s mini Bitcoin ETF, which charges 0.15%.
The low-cost structure appears to have resonated with investors. Morgan Stanley’s Bitcoin ETF attracted approximately $30.6 million in net inflows on its first trading day and has since accumulated roughly $331 million in total inflows. Those figures place it ahead of several competitors, including products offered by Invesco, Franklin Templeton and CoinShares, all of which entered the market earlier in January 2024.
Staking features included in new ETFs
The revised filings also provide additional details about the structure of the proposed Ether and Solana funds. Morgan Stanley disclosed that staking services for both ETFs will be provided by Figment, Galaxy Blockchain Infrastructure and Coinbase Canada. The funds will participate in staking activities and apply a 5% fee on staking rewards generated within the products.
The spot Ether ETF will trade under the ticker MSSE and will be officially known as the Morgan Stanley Ethereum Trust. Meanwhile, the spot Solana ETF will operate under the ticker MSOL and carry the name Morgan Stanley Solana Trust. If approved, the funds would further expand institutional access to staking-enabled crypto investment products while intensifying fee competition across the rapidly growing digital asset ETF sector.
Sources:
https://cointelegraph.com/news/morgan-stanley-amends-ethereum-solana-etfs-to-undercut-rivals-fees
https://www.sec.gov/Archives/edgar/data/2103547/000110465926075843/tm2534148d4_s1a.htm
https://www.sec.gov/Archives/edgar/data/2103976/000110465926075838/tm2534146d4_s1a.htm
