Morgan Stanley Amends Solana and Ethereum ETF Filings to Add Staking and Disclose 0.14% Fee
Morgan Stanley amended S-1 filings for its MSOL Solana Trust and MSSE Ethereum Trust, adding staking provisions and disclosing a 0.14% annual fee, the lowest in each category.
Morgan Stanley filed amended S-1 registration statements with the SEC on June 18, 2026, for its Morgan Stanley Solana Trust (MSOL) and Morgan Stanley Ethereum Trust (MSSE), disclosing a 0.14% annual sponsor fee and adding staking provisions to both funds.
Fee Comparison: MSOL and MSSE Undercut Grayscale and Franklin Templeton
The 0.14% annual sponsor fee applies identically to both funds, calculated on each fund's net asset value daily and paid monthly. The sponsor receives no additional compensation beyond this fee.
At 0.14%, both funds would sit below the closest competitors: Franklin Templeton's SOEZ Ethereum ETF at 0.19% and the Grayscale Mini ETH Trust at 0.15%. Morgan Stanley's Bitcoin Trust (MSBT), launched in April 2026 at the same 0.14% fee, had drawn $300.7 million in cumulative net inflows by mid-June, per Farside Investors flow data.
Staking Structure: 95% Retained in Fund
The amendments add staking mechanics to both trusts. Staking providers named in the filings are Figment Inc., Galaxy Blockchain Infrastructure LLC, and Coinbase Canada Inc. Under the disclosed structure, 95% of staking rewards remain within the trust; the remaining 5% goes to service providers and custodians as compensation. The sponsor receives no additional share of staking rewards.
For the Ethereum fund, custodians deposit ETH into Ethereum staking smart contracts while third-party providers operate validators on behalf of the trust. The filing notes that as of May 18, 2026, approximately 3.64 million ETH sat in the validator activation queue, with a daily activation limit of roughly 57,600 ETH, implying a wait of approximately 63 days before newly staked ETH begins earning rewards. Slashing risk is disclosed: staked ETH remains subject to penalties if validators violate network rules or fail performance obligations.
For the Solana fund, the filing uses a delegated validator model. The filing discloses that custodians do not hold private keys for staked SOL, a structural distinction from the Ethereum approach. No specific daily staking limit for SOL is mentioned in the amendments.
Amendment, Not Approval
These are amendments to original S-1 filings submitted in January 2026. The SEC has not approved either product for trading. The amendments update the filings to include fee disclosures and staking mechanics; they do not constitute regulatory clearance or a launch date.
Morgan Stanley is one of the largest global investment banks by client assets. The MSBT inflow trajectory since April 2026 reflects the institutional distribution reach behind these two pending altcoin products.
For more background on how staking is being integrated into institutional ETF structures on Solana, see Institutional-Grade Staking in ETFs with Helius and Bitwise and The Future of Staking On Solana with Michael Repetný.
Comments
Please login to leave a comment.
Contents
Related Content
Morgan Stanley's MSOL and MSSE Draw $33M in Second-Day Inflows, MSSE Outpaces BlackRock's ETHA
Morgan Stanley's MSSE and MSOL Begin Trading on NYSE Arca With Staking From Day One
Morgan Stanley MSOL and MSSE ETF Registrations Go Auto-Effective on NYSE Arca
Morgan Stanley Files Third MSOL and MSSE Amendment as Analyst Says Launch Is
The MarginFi vs Solend Debate: Lessons From mSOL's Depeg
E*TRADE from Morgan Stanley Launches Spot Crypto Pilot With SOL Among Three Initial Assets
SOL Staking on Autopilot with Marinade
The Future of Staking On Solana | Michael Repetný
Morgan Stanley and Galaxy Digital Let HNW Clients Lend BTC, ETH, and SOL for ETP Shares
Sanctum Founder: Solana's Liquid Staking Future | FP Lee
The Infinite-LST Future w/ FP Lee (Sanctum)
Ship or Die at Accelerate 2025: Fireside Chat: Marinade (Alison Mangiero, Hadley Stern)
TradFi Unlocked: Discussing the VanEck JitoSOL ETF S-1 Filing
Ethereum Merge Explained in 10 Minutes | Superteam Clips
The Future of Liquid Staking on Solana | FP Lee
Latest news
Roundhill Memory ETF Adds CXMT, the First Chinese Memory Maker in an International Fund
Tencent, Toyota, and Sony Head On-Chain as Pyth Network Completes Asian Equity Expansion
Solana Foundation CISO: AI Deepfakes Are Now a Bigger Crypto Threat Than Smart Contract Bugs
Pyth Network Adds 100+ Korean Equities — Samsung, SK Hynix, NAVER, Kakao — to Pyth Pro
Agave 4.2 Ships 90% Rent Reduction, 3.3x Larger Transactions, 200ms Slots, and a 50,000 SOL Bug Bounty
Anza Researchers Propose Quantumglow: Post-Quantum Alpenglow Without the Speed Trade-off
Solana Mobile Opens Seeker Summer Round 2 With 27M SKR as Round 1 Staking Tops 50%
Bitwise Rebrands Ledger Wallet Validators From Chorus One to 'Ledger by Bitwise' on Solana, Cosmos, and Injective
Solana's First 48 Hours With 100M CU Blocks: P90 Fees Fall 30%, Congestion Collapses
Community Vote Sends Rarible Back to Solana: Development and Audits Begin
Solana Token Markets