Grayscale Cuts Solana ETF Fee Amid Morgan Stanley's Aggressive Play

The cryptocurrency market is experiencing volatility, with over $100 billion flowing out of crypto this week and the total market cap declining to $1.99 trillion, a level not seen since September 2024.

Grayscale has responded by cutting its Spot Solana [SOL] ETF annual fee from 0.35% to 0.19%, making it one of the lowest-fee Solana ETFs in the market.

This move comes as Morgan Stanley filed amended Form S-1 statements with the SEC, signaling plans to undercut current market offerings with a 0.14% fee for its Solana ETF (MSOL).

Solana's technical setup is still weak, but institutional interest has not faded, and positioning is continuing or rotating quietly.