<figure class="wp-block-image size-large"><img width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2023/03/26025316/Ethereum-Hard-Forks-375x211.webp 375w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2023/03/26025316/Ethereum-Hard-Forks-662x372.webp 662w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2023/03/26025316/Ethereum-Hard-Forks-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2023/03/26025316/Ethereum-Hard-Forks.webp 688w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2023/03/26025316/Ethereum-Hard-Forks-662x372.webp" alt="Ethereum Hard Forks" class="wp-image-1518"/></figure>


Morgan Stanley filed two amended S-1 registrations with the SEC on June 18, 2026. Two new spot crypto funds: the Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL). Both carry a proposed <a href="https://x.com/Cointelegraph/status/2068979679898271900/" target="_blank" rel="noopener">0.14% annual sponsor fee.</a> That undercuts <a href="https://www.thecoinzone.com/news/first-us-spot-dogecoin-etf-nasdaq-launch/" data-wpil-monitor-id="2255">spot Ethereum ETFs</a> from BlackRock and Fidelity. Fee war, incoming.
These are amended filings. Not approvals. The funds aren&#x27;t listed. They&#x27;re not trading. But what&#x27;s inside the documents matters.
The Ethereum Trust isn&#x27;t just cheap. It&#x27;s structurally different. The MSSE filing addresses staking mechanics directly. It outlines a potential path to pass staking yields through to shareholders. Current approved spot ETH ETFs don&#x27;t do that. None of them. The SEC hasn&#x27;t resolved whether staking can <a href="https://www.thecoinzone.com/blockchain/solana-etfs/" data-wpil-monitor-id="2258">live inside a listed ETF</a>. That makes Morgan Stanley&#x27;s staking language the most-watched element of the disclosure.
The Solana filing is its own story. No U.S. spot <a href="https://www.thecoinzone.com/news/solana-etfs-inflows-despite-price-drop/" data-wpil-monitor-id="2252">SOL ETF</a> exists yet. Not one has been approved. Morgan Stanley&#x27;s MSOL joins a wave of <a href="https://www.thecoinzone.com/regulation/the-worlds-first-solana-etf-just-arrived/" data-wpil-monitor-id="2251">altcoin ETF</a> applications filed under the current SEC leadership&#x27;s more permissive posture, per Crypto Briefing.
The 0.14% fee isn&#x27;t new for Morgan Stanley. Its existing Bitcoin Trust (MSBT) runs the same structure. Same sponsor fee. That&#x27;s not a coincidence. It&#x27;s a deliberate low-fee strategy <a href="https://www.thecoinzone.com/news/metamask-launches-crypto-debit-card-us/" data-wpil-monitor-id="2253">across their entire crypto</a> ETF lineup.
For context: <a href="https://www.thecoinzone.com/news/blackrock-ethereum-tokenization-strategy/" data-wpil-monitor-id="2256">BlackRock&#x27;s iShares Ethereum</a> Trust (ETHA) and Fidelity&#x27;s Ethereum Fund (FETH) have dominated spot ETH since mid-2024 approvals. The <a href="https://www.thecoinzone.com/regulation/ethereum-etfs/" data-wpil-monitor-id="2250">Bitcoin ETF</a> space saw brutal fee compression post-launch. Temporary waivers. A race to zero. ETH ETFs haven&#x27;t seen that same inflow momentum. Some analysts point to the missing staking yield as a reason why.
Morgan Stanley&#x27;s dual filing is a clear signal. One of Wall Street&#x27;s biggest asset managers sees room to compete. On price. On product design. Both.
The open question: staking approval. The SEC&#x27;s answer shapes everything MSSE can actually deliver.

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Morgan Stanley Files Ethereum and Solana ETF Amendments

Morgan Stanley filed spot Ethereum and Solana ETF amendments with a 0.14% fee, undercutting BlackRock and Fidelity. Staking yield details inside.