Morgan Stanley Files ETH, SOL ETF Amendments With Market-Low 0.14% Fee
What happened: Morgan Stanley filed amended S-1 registration statements for its spot Ethereum (MSSE) and Solana (MSOL) ETFs on June 18, 2026, disclosing a sponsor fee of 0.
What happened: Morgan Stanley filed amended S-1 registration statements for its spot Ethereum (MSSE) and Solana (MSOL) ETFs on June 18, 2026, disclosing a sponsor fee of 0.14%. This fee is lower than Grayscale Mini ETH (0.15%) and Franklin Templeton SOEZ (0.19%). The filings also detail a staking structure where 95% of staking rewards are retained by the fund, and 5% go to staking providers, with no sponsor cut. Named providers include Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada. The filings cite a validator activation queue of 3.64 million ETH as of May 18, 2026, with an estimated 63-day wait.
Why it matters: The fee undercuts all current and proposed competitors, intensifying the ETF fee war and raising pressure on other issuers. While the filings mark progress, SEC approval is still pending. The move signals Morgan Stanley's intent to dominate the spot crypto ETF market, following its MSBT Bitcoin ETF launch in April 2026, which ranked in the top 1% of ETF launches by inflows. The aggressive fee structure could accelerate institutional adoption if approved.
Source: Blockonomi, CoinGape