Morgan Stanley Cuts Ethereum and Solana ETF Fees to Industry Lows

Morgan Stanley has updated its filings for upcoming Ethereum and Solana exchange-traded funds, revealing plans to charge some of the lowest fees in the global crypto ETF industry.

According to amended filings submitted to the U.S. Securities and Exchange Commission, both the Ethereum ETF and Solana ETF will carry management fees of 0.14%. The move places the products below competing spot crypto ETFs currently trading in the United States.

At present, the lowest-fee spot Ethereum ETF is Grayscale’s Ethereum Staking Mini ETF with a 0.15% fee, while Franklin Templeton’s Solana ETF charges 0.19%.

Bloomberg ETF analyst Eric Balchunas described Morgan Stanley’s pricing strategy as “the cheapest in the U.S. and world.”

The amended filings are viewed by analysts as another sign that SEC approval may be approaching. If approved, Morgan Stanley’s products would become the 11th spot Ethereum ETF and seventh spot Solana ETF available in the U.S. market.

The Ethereum fund will trade under the ticker MSSE, while the Solana ETF will use the ticker MSOL.

Morgan Stanley previously used a similar low-fee strategy for its Bitcoin ETF, which launched earlier this year with a 0.14% fee structure. The company’s Bitcoin product later attracted more than $330 million in inflows.

The latest filings also confirmed that Figment, Galaxy Blockchain Infrastructure and Coinbase Canada will provide staking services for the funds, with each ETF charging a 5% fee on staking rewards earned through the products.