Morgan Stanley’s proposed 0.14% ETH and SOL fees could turn the next crypto ETF race into a price fight
Morgan Stanley filed amended registration statements for proposed Ethereum and Solana ETFs, each with a 0.14% annual sponsor fee, the lowest cited among comparable ETH and SOL products. The ETH trust (MSSE) plans to track ether and pass through staking rewards from 50% to 80% of holdings, while the SOL trust (MSOL) aims to stake up to 100% of holdings. In both structures, the trust keeps 95% of staking rewards and the sponsor gets none. The filings are still preliminary and need SEC effectiveness before trading. The pricing is designed to win advisor shelf space as institutions consider whether ETH and SOL can become a second digital-asset allocation after Bitcoin. Recent ETF flow data show only episodic demand for ETH and SOL, with no sustained rotation yet. If inflows strengthen, Morgan Stanley’s low fee plus staking economics could be a major competitive advantage; if macro conditions keep institutions concentrated in Bitcoin or cash, the products may wait longer for demand.
