Morgan Stanley Sets 0.14% Fee for Ethereum and Solana ETFs 

Highlights:

• Morgan Stanley has set 0.14% annual sponsor fees for proposed Ethereum and Solana ETFs.
• The trusts would keep 95% of staking rewards under the amended structure. 
• The amendments move the firm’s ETH and SOL ETF plans further through SEC review.

Investment bank Morgan Stanley updated its proposed Ethereum and Solana ETFs through amended S-1 filings with the SEC on June 18. The revised documents show a 0.14% annual sponsor fee for both trusts. Therefore, the fee sits below most current crypto ETF charges in the U.S. market.

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The filings cover the proposed Ethereum Trust and Solana Trust, whereby the products would hold their underlying tokens directly. Moreover, both trusts would stake part of those holdings to earn network rewards.

According to the documents, the sponsor would collect only the stated management fee. It would not take any extra share from staking income. As a result, most rewards would remain inside the funds. The reward structure gives 95% of staking income to each trust. Staking service providers and custodians would share the remaining 5%. The filings name Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada as staking providers.

NEW: @MorganStanley just filed amendments for both their Ethereum and Solana ETFS. ethereum:native solana:So11111111111111111111111111111111111111112 pic.twitter.com/SxPiszp9RS

— James Seyffart (@JSeyff) June 18, 2026

Ethereum Filing Details Validator Entry Timeline

The Ethereum filing gives more detail on fund operations. Custodians would place ETH into Ethereum staking contracts. Then, third-party providers would run validators for the trust. However, the document also lists slashing risks tied to validator errors. A validator can lose part of its staked ETH after missed duties or protocol violations. The filing noted that this risk remains part of the staking process.

The trust also disclosed current Ethereum network limits. About 3.64 million ETH waited in the validator activation queue on May 18, 2026. Meanwhile, Ethereum allows 56 validators to enter per epoch. That pace equals about 57,600 ETH each day, according to the filing. Therefore, newly staked ETH could wait nearly 63 days before earning rewards. The estimate shows a practical delay for large funds seeking staking income.

Meanwhile, the filing outlined a direct process for adding yield to spot exposure. Investors would hold ETF shares while the trust handles staking activity. The structure also keeps rewards within the trust, rather than sending them to the sponsor.

Solana Filing Follows a Similar Staking Design

Solana amendment follows a similar model. The Solana Trust would delegate SOL to validators operated by staking service providers. In addition, the filing said staking custodians would not control delegated SOL private keys.

Unlike the Ethereum document, the Solana filing did not list a daily staking entry cap. It also did not provide a queue estimate. However, the reward split matches the Ethereum trust at 95% for the fund and 5% for providers. The proposed tickers also appeared in the filings. The Ethereum trust would trade under the ticker MSSE, while the Solana trust would trade under the ticker MSOL.

Morgan Stanley Links Crypto Funds to Wealth Clients

The latest filings fit the bank’s wider digital asset push. The firm launched its Bitcoin trust with a 0.14% sponsor fee in April. The fund has drawn $300.7 million in cumulative net inflows as of June 18. The firm also recently partnered with Galaxy Digital on crypto services for wealth clients. The arrangement targets eligible clients who hold Bitcoin, Ether, or Solana. It aims to move crypto holdings into regulated investment products.

JUST IN: Morgan Stanley Wealth Management partners with Galaxy Digital to let clients convert BTC/ETH/SOL into spot crypto ETFs for use as collateral, with a $5M minimum. Could fuel institutional ETF flow. $BTC $ETH $SOL pic.twitter.com/p9dUI3XBex

— Bpay News (@bpaynews) June 5, 2026

According to the companies, the process could reduce onboarding times by up to 75%. It could help clients keep market exposure during conversion. However, final tax treatment would depend on the completed structure. At the time of this writing, Ethereum was trading around $1,695, down by 1.80% over the last 24 hours. Meanwhile, Solana’s price was hovering at around $68, with a market cap of 40 billion.

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