Morgan Stanley Amends Filings for Lowest-Fee Ether and Solana ETFs

• With issuers like BlackRock and Fidelity dominating the spot crypto ETF market, Morgan Stanley has been using low costs as a method to enter the market late.
• According to Morgan Stanley’s most recent filings, the ETFs will be staked by Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada.

In its most recent ETF filings, Morgan Stanley revealed its intention to have the lowest costs compared to its competitors for the Ether and Solana exchange-traded funds. On Thursday, the business revealed its intentions to undercut existing market offers and charge 0.14% fees for each of its ETFs by filing modified Form S-1 disclosures with the Securities and Exchange Commission (SEC).

According to Farside Investors, Franklin Templeton’s spot Solana ETF (SOEZ) has the lowest cost among its rivals at 0.19%, while Grayscale Ethereum Staking Mini ETF (ETH) charges the current lowest fee in the US at 0.15%.

Lucrative Fee Offering

That would make Morgan Stanley the eleventh Ether ETF and the seventh Solana ETF to launch in the US, respectively, and it’s the second time the firm has amended its ETF filings since January. Usually, when the SEC is about to approve the products for trading, it signals with amendments.

According to X, an analyst for Bloomberg ETFs named Eric Balchunas, the fees make them the most affordable in the US and the globe. With issuers like BlackRock and Fidelity dominating the spot crypto ETF market, Morgan Stanley has been using low costs as a method to enter the market late. Launched in April, the Bitcoin (BTC) ETF charges 0.14% in fees, which is lower than Grayscale’s small Bitcoin ETF cost of 0.15%.

The $30.6 million first-day inflow to Morgan Stanley’s Bitcoin fund was probably due in large part to that fee. Since its introduction in January 2024, the ETF has received $331 million in total inflows, more than Invesco, Franklin Templeton, and CoinShares’ ETFs.

According to Morgan Stanley’s most recent filings, the ETFs will be staked by Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada. Each fund will pay a 5% staking fee from the product’s profits. When trading, the Ethereum ETF will be identified as the Morgan Stanley Ethereum Trust (MSSE), and the Solana ETF will be known as the Morgan Stanley Solana Trust (MSOL).

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