Key highlights:
- Morgan Stanley’s incoming Ethereum and Solana ETFs charge 0.14% sponsor fees, the lowest among its peers.
- Both incoming ETFs will stake a significant chunk of their holdings and offer investors 95% of staking rewards.
- The rest of Wall Street is racing to build yield-generating crypto investment products.
Morgan Stanley has filed spot Ethereum and Solana exchange-traded fund (ETF) applications with the US SEC, positioning both products as the lowest-cost offerings in both categories.
The filings mark one of the most aggressive pricing moves yet in the digital asset ETF market as major asset managers race to capture institutional inflows.
Morgan Stanley undercuts crypto ETF rivals with 0.14% fee
According to amended S-1 registration statements, Morgan Stanley is inching closer to the launch of new spot ETF products for Ethereum and Solana.
Dubbed the Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL), both products will trade on NYSE Arca upon approval by the US SEC.
A look at SEC filings reveals that both ETF products carry a unitary sponsor fee of 0.14% per year, payable monthly and accrued daily on net asset value. Barring any regulatory hitches, both products will place Morgan Stanley at the bottom of the global fee range for Ethereum and Solana ETFs.
The pricing undercuts existing competitors across the market by a country mile. For context, BlackRock’s Ethereum ETH charges a 0.25% fee while Bitwise’s Solana staking ETF (BSOL) pegs its rate at 0.20%.
However, Morgan Stanley’s offering will narrowly edge out Grayscale’s Mini Ethereum Trust and Franklin Templeton’s Solana ETF (SOEZ) at 0.15% and 0.19%, respectively.
Bloomberg ETF analyst Eric Balchunas described Morgan Stanley’s filing as a major pricing benchmark, noting that the 0.14% fee effectively resets expectations for institutional crypto ETF pricing.
Morgan Stanley Ether and Solana ETFs nearing launch. The fee on each is going to be 14bps making them the cheapest in U.S. and world. 🔥 https://t.co/8pLJIj8DI7
— Eric Balchunas (@EricBalchunas) June 19, 2026
“Morgan Stanley Ether and Solana ETFs nearing launch,” said Balchunas. “The fee on each is going to be 14bps, making them the cheapest in the US and the world.”
Beyond low fees, the ETFs will generate additional returns for investors through staking. Morgan Stanley disclosed that it will stake Ethereum and Solana holdings through providers including Coinbase Canada, Figment, and Galaxy Digital.
Previously, Morgan Stanley has tested the waters with ultra-low pricing following the launch of its spot Bitcoin ETF (MSBT). Since its launch, the ETF has raked in impressive inflows, with the incoming filings tipped for similar success levels upon regulatory approval.
Wall Street races to build yield-generating crypto ETFs
The latest filings come as asset managers are racing to expand beyond pure spot exposure to offer income-generating strategies and yield-enhancing. Per the filings, Morgan Stanley’s incoming Ethereum and Solana ETFs will pass 95% of staking rewards directly to investors, turning regulated crypto exposure into a yield-producing instrument.
According to the filings, the Ethereum fund plans to stake between 50% and 80% of its holdings, while the Solana ETF may stake up to 100% of its assets.
The push comes as other Wall Street firms experiment with alternative crypto income products. In mid-June, BlackRock launched the iShares Bitcoin Premium Income ETF (BITA), which generates monthly payouts by selling covered calls against Bitcoin exposure.
Recently, Franklin Templeton filed for hybrid ETFs that will automatically reinvest stock dividends into Bitcoin, combining traditional equity exposure with long-term BTC accumulation.
Source:: Morgan Stanley Wants to Launch Lowest-Fee Ethereum and Solana ETFs