Morgan Stanley has submitted second-amended S-1 registration statements to the SEC for two new spot crypto funds: the Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL). Both funds carry an annual sponsor fee of 0.14%, positioning them as the lowest-cost options in their respective categories.
This pricing strategy undercuts current market leaders. Grayscale’s Mini Ethereum Trust charges 0.15%, while Franklin Templeton’s Solana product sits at 0.19%. The amended filings also outline a specific staking structure designed to maximize investor returns. Ninety-five percent of all staking rewards generated by the funds remain within the trust to benefit shareholders directly. The remaining 5% is allocated to infrastructure providers, including Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada.
The firm has executed a methodical rollout since initial filings in January 2026. Its Bitcoin Trust (MSBT) already launched on NYSE Arca in April 2026 with the same 0.14% fee structure. For Ethereum investors specifically, the proposed MSSE trust offers compounding returns through proof-of-stake mechanisms without requiring direct validator management or exposure to slashing risks.
No launch date has been set for MSSE or MSOL as both await regulatory clearance. However, with the Bitcoin trust actively trading and amended filings now complete, Morgan Stanley stands ready to deploy immediately upon SEC approval. A fund charging 0.14% while returning 95% of staking yield could effectively offer superior net value compared to zero-fee products lacking staking capabilities.