Morgan Stanley Files Amended ETH & SOL ETFs at 0.14% Fees
What happened: Morgan Stanley has filed second-amended S-1 statements with the SEC for its spot Ethereum (MSSE) and Solana (MSOL) ETFs, each with a 0.
What happened: Morgan Stanley has filed second-amended S-1 statements with the SEC for its spot Ethereum (MSSE) and Solana (MSOL) ETFs, each with a 0.14% sponsor fee—the lowest currently disclosed for either asset in the US market. The funds will stake a portion of holdings, returning 95% of staking rewards to investors. This fee undercuts Grayscale's Mini Ethereum Trust (0.15%) and Franklin Templeton's SOEZ Solana fund (0.19%). Approval is still pending, but the filings reflect ongoing dialogue with the SEC.
Why it matters: The 0.14% fee matches Morgan Stanley's earlier Bitcoin ETF pricing, signaling a broader fee war among US crypto ETF providers. This move pressures BlackRock, Fidelity, and others to lower costs, potentially accelerating mainstream adoption. However, with approvals still outstanding, the competitive impact remains speculative until launch.
Source: Unchained