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Morgan Stanley Files for Ethereum and Solana ETFs with 0.14% Fees, Lowest in US Market

market-auction · 2026-06-19

On June 18, 2026, Morgan Stanley filed updated S-1 registration statements with the SEC for their spot Ethereum and Solana ETFs, introducing the Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) for trading on NYSE Arca. These ETFs boast an annual sponsor fee of 0.14%, which is the lowest in the US, even better than Grayscale's Mini Ethereum Trust (0.15%) and Franklin Templeton's Solana ETF (0.19%). Bloomberg's ETF expert, Eric Balchunas, highlighted this as the most competitive pricing worldwide for these assets. Each ETF will distribute 95% of staking rewards to investors and 5% to infrastructure partners like Figment Inc. and Coinbase Canada Inc. The filings also mention slashing risks for staked ether. This comes after the April 8, 2026, launch of Morgan Stanley's Bitcoin Trust (MSBT), which achieved $193.6 million in its first month, charging the same fee. Morgan Stanley oversees $9.3 trillion in client assets via 16,000 advisors, and if the SEC gives the green light, MSSE and MSOL will enter the market, with approval timelines varying based on the SEC's review.

Key facts

  • Morgan Stanley filed second-amended S-1 statements for spot Ethereum and Solana ETFs on June 18, 2026.
  • Both ETFs carry a 0.14% annual sponsor fee, the lowest in each US market.
  • MSSE and MSOL will trade on NYSE Arca under tickers MSSE and MSOL.
  • The 0.14% fee undercuts Grayscale's Mini Ethereum Trust (0.15%) and Franklin Templeton's Solana ETF (0.19%).
  • Both ETFs include staking provisions, with 95% of rewards to shareholders and 5% to Figment Inc., Galaxy Blockchain Infrastructure LLC, and Coinbase Canada Inc.
  • Staked ether remains exposed to slashing risk.
  • Morgan Stanley's Bitcoin Trust (MSBT) launched April 8, 2026, with 0.14% fee and attracted $193.6 million in first month.
  • Morgan Stanley oversees $9.3 trillion in client assets across 16,000 financial advisors.

Entities

Institutions

  • Morgan Stanley
  • U.S. Securities and Exchange Commission
  • NYSE Arca
  • Grayscale
  • Franklin Templeton
  • Bloomberg
  • BlackRock
  • Fidelity
  • Bitwise
  • Figment Inc.
  • Galaxy Blockchain Infrastructure LLC
  • Coinbase Canada Inc.
  • SoSoValue
  • Coinbase Canada, Inc.
  • NFT Plazas

Locations

  • United States

Sources