Morgan Stanley Amends Spot Ethereum and Solana ETF Filings; Coinbase Named Custodian and Staking Partner
AI Market Summary
Morgan Stanley's updated S-1 filings for spot Ethereum and Solana ETFs add Coinbase as custodian and staking partner, formalizing an aggressive staking framework (50–80% of ETH; up to 100% of SOL) and low 0.14% sponsor fees. If approved, the structure could broaden access to staking-linked crypto exposure via regulated ETFs and strengthen institutional market infrastructure, with near-term focus on SEC review and operational details.
Impact level
● High
Affected assets
ETH/USDT+4.38%
AI Insight · ETH/USDTAI Insight
▲ Bullish
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Morgan Stanley on July 14 filed amended S-1 registration statements for its proposed spot Ethereum and Solana exchange-traded funds, naming Coinbase as both custodian and staking partner, with BNY Mellon serving as co-custodian for the two trusts.
According to the filings, the Ethereum trust expects to stake roughly 50% to 80% of its ETH under normal conditions. The Solana trust could stake up to 100% of its SOL, while keeping a portion liquid to meet redemptions and cover fees.
Staking and custodial service providers would receive 5% of staking rewards, with the remaining 95% allocated to each trust. Both funds carry an annual sponsor fee of 0.14%.
The Ethereum product is expected to trade under the ticker MSSE. The Solana fund is slated to list on NYSE Arca under MSOL, subject to approval by the U.S. Securities and Exchange Commission (SEC).