Morgan Stanley amends Ethereum, Solana ETFs to reveal record cheap fees
Morgan Stanley updated SEC filings for proposed Ether and Solana spot ETFs, setting management fees at 0.14% for both products, the lowest among current rivals. The fee would undercut the cheapest US spot Ether ETF at 0.15% and the cheapest Solana ETF at 0.19%. The amendments are Morgan Stanley’s second since January and may signal the SEC is close to approving trading, which would make these the 11th US spot Ether ETF and seventh spot Solana ETF. Bloomberg analyst Eric Balchunas called the pricing the cheapest in the US and worldwide. The firm is using aggressive pricing to enter a market led by BlackRock and Fidelity, following a similar strategy with its April-launched Bitcoin ETF. The filings also name Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada as staking providers, with a 5% staking fee on rewards. The ETFs would trade as MSSE and MSOL.
