Morgan Stanley's Low-Fee Ethereum and Solana ETFs Spark Fee War

Morgan Stanley's proposed Ethereum and Solana exchange-traded funds (ETFs) have sparked a fee war in the altcoin ETF market.

The firm has updated its filings with a 0.14% annual sponsor fee, making it one of the lowest fees in the crypto ETF space.

This move is part of a growing trend among issuers to compete on cost and staking economics.

Ethereum and Solana are proof-of-stake networks, meaning holders can earn rewards by participating in network validation through staking. Morgan Stanley's proposed structure would retain 95% of staking rewards inside the trusts for investors, while 5% would compensate staking service providers and custodians.

The amended filings do not guarantee launch, but they signal that major financial institutions are willing to compete aggressively for crypto ETF assets.