Morgan Stanley Enters Ethereum and Solana ETF Market with Industry-Low Fees

Morgan Stanley has filed amended S-1 registration statements for two new crypto ETFs, one tracking Ethereum and one Solana. This move follows the bank's successful Bitcoin ETF launch in April, which attracted $300.7 million in cumulative net inflows as of June 18.

Both the Morgan Stanley Ethereum Trust and the Morgan Stanley Solana Trust will charge a sponsor fee of 0.14% per year. This rate is the lowest currently offered in both categories, undercutting rivals such as Grayscale's Mini Ethereum Trust (0.15%) and Franklin Templeton's Solana ETF (0.19%).

The Ethereum fund will trade under the ticker MSSE and the Solana ETF under MSOL. Both funds plan to stake a portion of their crypto holdings to earn additional rewards for investors.