Key Takeaways
Morgan Stanley up to date S-1s for its Ethereum and Solana trusts on July 14, with Coinbase dealing with custody.Each funds carry a 0.14% sponsor payment, undercutting Grayscale’s 0.15% because the ETF payment conflict intensifies.The filings permit staking of fifty–80% of the belief’s ETH and as much as 100% of its SOL, pending SEC approval.
An Replace With Main Implications
The Wall Road financial institution up to date its S-1 registration statements for the proposed spot ether and solana funds, with Coinbase offering custody and facilitating staking, working alongside BNY Mellon (with the latter having been designated as a joint custodian for the Morgan Stanley Ethereum Belief and Morgan Stanley Solana Belief).
The filings maintain staking on the middle of the merchandise’ design. The ethereum belief intends to stake 50% to 80% of its ether beneath regular situations, whereas the solana belief might stake as much as 100% of its SOL, maintaining a portion liquid for redemptions and bills. Staking suppliers and custodians would share 5% of rewards, with 95% accruing to every belief.
Earlier submitting rounds named Figment Inc., Galaxy Blockchain Infrastructure LLC, and Coinbase Canada Inc. as staking service suppliers. The ethereum product is anticipated to commerce beneath the ticker MSSE, with the Solana fund itemizing on NYSE Arca as MSOL.
Each funds carry a 0.14% annual sponsor payment and as Bitcoin.com Information reported in June, Morgan Stanley set the 0.14% payment in its second modification spherical, undercutting Grayscale’s 0.15% ether product and marking the bottom charges out there on the time.
A Payment Battle With a Confirmed Playbook
The aggressive pricing follows a technique the financial institution has already examined. Morgan Stanley’s Bitcoin Belief (MSBT) attracted $300.7 million in inflows after launching in April 2025 with the identical low-fee strategy, and the agency is now concentrating on market share in ether and solana merchandise as payment competitors intensifies throughout issuers.
The fast cadence of amendments (be it the unique filings in January, revisions on June 18, and now the July 14 replace) suggests energetic dialogue with the Securities and Change Fee (SEC). Successive S-1 updates usually point out regulators are partaking with an software fairly than letting it sit.
Approval stays pending, and the SEC has not dedicated to a timeline. The following main milestone to look at is a ultimate spherical of amendments setting launch mechanics, the place the market will be taught whether or not Wall Road’s greatest wealth supervisor can convey staking-enabled ether and solana funds to its 19,000 advisers (and whether or not the 0.14% payment survives contact with rivals keen to go decrease).
