Morgan Stanley Unveils Cheapest U.S Spot Solana ETF

Morgan Stanley is set to launch its cheapest U.S Spot Solana ETF yet, with an annual management fee of 0.14%. This move could potentially boost the altcoin's price, but whether it will have a significant impact remains to be seen.

The wirehouse first applied for the SOL ETF in January this year, and the update to its U.S Spot SOL ETF filing suggests that a launch is imminent.

Morgan Stanley's Spot BTC ETF also debuted with a 0.14% fee, but it did not automatically attract demand or clients from early ETF issuers.