Morgan Stanley has amended its filings for spot Ethereum and Solana ETFs, revealing fees as low as 0.14% — undercutting most competitors in the rapidly growing crypto ETF space. The bank's Bitcoin ETF, which launched in April at the same fee level, has already attracted $331 million in total inflows, outperforming several earlier entrants.
Fee strategy mirrors Bitcoin ETF success
The 0.14% fee matches Morgan Stanley's Bitcoin ETF and sits below Grayscale's 0.15% on its mini Bitcoin product. The low-cost approach helped the Bitcoin fund record a first-day inflow of $30.6 million, and it has since surpassed ETFs from Invesco, Franklin Templeton and CoinShares that launched in January 2024.
Staking services and tickers revealed
Morgan Stanley's latest filings also detail staking arrangements for both ETFs. Figment, Galaxy Blockchain Infrastructure and Coinbase Canada will provide staking services, with each fund charging a 5% fee on staking rewards. The Ethereum ETF will trade under the ticker "MSSE" (Morgan Stanley Ethereum Trust), while the Solana ETF will use "MSOL" (Morgan Stanley Solana Trust).