The June 18 S-1 updates list tickers MSSE and MSOL and outline staking through Figment, Galaxy and Coinbase Canada, undercutting rival crypto fund fees.
Morgan Stanley amended S-1 registration statements on June 18 for proposed Ethereum and Solana ETFs, setting a 0.14% management fee for both funds. That would put the products below Grayscale’s 0.15% Ethereum Mini Trust and Franklin Templeton’s 0.19% Solana ETF on cost. The filings also list the proposed tickers as MSSE and MSOL and say part of the funds’ assets will be used for staking (locking crypto to earn rewards) through Figment, Galaxy and Coinbase Canada. Under the structure described in the filings, 5% of staking rewards would be paid to service providers and custodians.