Morgan Stanley amended SEC filings for its proposed Ethereum (MSSE) and Solana (MSOL) ETFs with a 0.14% management fee — the lowest in crypto ETFs — while offering staking yield (50-80% ETH, up to 100% SOL). Its Bitcoin ETF (MSBT), launched just April 8, already holds $364M.
Morgan Stanley amended SEC filings for its proposed Ethereum (MSSE) and Solana (MSOL) ETFs with a 0.14% management fee — the lowest in crypto ETFs — while offering staking yield (50-80% ETH, up to 100% SOL). Its Bitcoin ETF (MSBT), launched just April 8, already holds $364M.
Morgan Stanley amended its SEC filings for the Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) on July 10, 2026, disclosing a 0.14% annual management fee for both funds. That undercuts every competitor: BlackRock's IBIT at 0.25%, Bitwise at 0.20%, Franklin Templeton at 0.19%, and even Grayscale at 0.15%.
The Ethereum Trust (MSSE) would trade on NYSE Arca and stake 50-80% of its ETH holdings under normal conditions, with BNY and Coinbase Custody as custodians. Staking providers and custodians receive 5% of rewards; 95% accrues to the trust. The Solana Trust (MSOL) would stake up to 100% of its SOL, using the same custody arrangement and reward split.
The proof of concept is already running. Morgan Stanley's Bitcoin Trust (MSBT) launched April 8, 2026, at the same 0.14% fee — the first proprietary spot crypto ETF from a major US commercial bank. As of July 10, 2026, MSBT trades at $18.47/share with approximately $364.23M in net assets, ranking in the top 1% of ETF launches by volume and early adoption.
The competitive signal is sharp. SOL ETF AUM has already crossed $1B led by Bitwise's BSOL (launched October 2025). Brian Rudick, CSO of Solana treasury company Upexi and formerly head of research at GSR, noted: 'Issuers don't compete on price until the product is close to a commodity and the fight is for share, the same compression the spot BTC ETFs went through.'
Both MSSE and MSOL remain in registration; no launch dates have been confirmed.
Securitize (NYSE: SECZ, ~$5B AUM) launched Securitize Stocks today at 13:00 UTC: 12 tokenized US mega-caps — including Apple, Microsoft, Nvidia, Tesla, Circle, Strategy and Palantir — each backed 1:1 by a real share, settling in USDC on Solana with Jump Trading running the proprietary AMM and clearing firm RQD* handling custody and settlement. It is the first product live under the SEC's five-year Innovation Exemption for onchain stock trading, granted September 17.
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