Morgan Stanley Files Ether, Solana ETFs With 0.14% Fee
Morgan Stanley amended SEC filings for spot Ether and Solana ETFs, disclosing 0.14% management fees for each-the lowest among U.S. spot crypto ETF filings.
Morgan Stanley filed amended Form S-1 statements with the U.S. Securities and Exchange Commission on Thursday for proposed spot Ether and Solana exchange-traded funds, disclosing management fees of 0.14% for each product.
The filings name the funds the Morgan Stanley Ethereum Trust, ticker MSSE, and the Morgan Stanley Solana Trust, ticker MSOL. These are the second updates to the applications since January. If the SEC approves the funds, the Ether trust would become the 11th U.S. spot Ether ETF and the Solana trust would be the seventh spot Solana ETF to launch in the United States.
The disclosed 0.14% fee is lower than the current cheapest U.S. spot Ether ETF fee of 0.15% charged by the Grayscale Ethereum Staking Mini ETF and below the lowest spot Solana ETF fee of 0.19 charged by the Franklin Solana ETF. Analyst Eric Balchunas wrote on X that the fees make the products “the cheapest in [the] US and [the] world.”
Morgan Stanley set a 0.14% fee for its spot Bitcoin ETF that launched in April. That Bitcoin fund recorded a $30.6 million first-day inflow and has since seen total inflows of $331 million.
The amended filings list Figment, Galaxy Blockchain Infrastructure and Coinbase Canada as the staking service providers for the respective funds. Each fund will deduct a 5% fee from any staking rewards earned by assets held in the ETFs.
The filings do not include launch dates. Amendments to registration statements can reflect finalization of fund structures and service providers as issuers prepare for possible SEC approval.
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