Morgan Stanley disclosed new fee and staking details for proposed Ethereum (ETH) and Solana (SOL) exchange-traded funds in amended S-1 filings.
Key Points:
- Morgan Stanley’s proposed Ethereum and Solana trusts would charge a 0.14% annual sponsor fee.
- Custodians and staking providers would receive 5% of staking rewards, while 95% would stay in the trusts.
- The Ethereum trust would trade under MSSE, while the Solana trust would use MSOL.
Ethereum ETF Fees
Morgan Stanley filed amended S-1 registration statements for its Ethereum and Solana ETF plans, adding fee terms and staking income details as issuers continue talks with the SEC on crypto fund products.
The Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust would each charge a 0.14% annual sponsor fee based on each fund’s net asset value.
The fee would accrue daily and be paid monthly.
The filings also describe how staking rewards would be handled. Custodians and staking service providers would receive 5% of total rewards as compensation, while the remaining 95% would stay inside the trusts.
The sponsor would not receive staking rewards beyond the management fee.
For the Ethereum product, custodians would place ETH into Ethereum staking smart contracts, while staking service providers would run validators for the trust. The filing also warns that staked Ether could be slashed if validators break network rules or fail to perform required duties.
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Solana Staking
The Solana trust would use a similar staking setup, though the filing did not list a maximum daily staking limit for SOL. It said staking service providers could run delegated validators for the trust’s staked SOL, while staking custodians would not control the private keys tied to staked tokens.
The Ethereum filing gave more detail on network capacity. It said about 3.64 million ETH was waiting to be activated on validators as of May 18, 2026, with the network allowing about 56 validators per epoch.
That limit equals roughly 57,600 ETH per day and implies an estimated waiting period of about 63 days before that queued ETH could begin earning staking rewards.
The filings follow Morgan Stanley’s spot Bitcoin (BTC) ETF debut in April and show the bank moving deeper into altcoin products after demand for crypto ETFs expanded. The broader market has also watched BlackRock launch its Bitcoin Premium Income ETF on Jun. 16, while online speculation has turned to whether Morgan Stanley could later pursue a spot XRP (XRP) ETF.
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