Morgan Stanley Slashes Crypto ETF Fees in Bid for Market Dominance

Morgan Stanley's push into the crypto ETF market is gaining momentum as it files amended proposals for its Ethereum and Solana funds. The bank has set a 0.14% sponsor fee for both funds, undercutting current leaders in the market.

The amendments also revealed details on how the funds will handle staking, with Figment Inc., Galaxy Blockchain Infrastructure LLC, and Coinbase Canada Inc. listed as staking service providers.

Morgan Stanley plans to stake a portion of the assets held by the funds through these providers, generating additional rewards for investors. The funds will pay 5% of staking rewards to staking service providers and custodians.

The Ethereum ETF is expected to trade under the ticker MSSE, while the Solana fund will be listed as MSOL. This move marks Morgan Stanley's second attempt at launching these funds after first filing in January.