ETH & SOL at 0.14% With Staking

In Morgan Stanley ETF news, the asset manager filed amended S-1 registration statements with the SEC on June 18, 2026, for spot Ethereum and Solana ETFs, both priced at a 0.14% annual sponsor fee, undercutting every existing US competitor in both categories. The filings also introduce staking provisions that turn these into yield-generating instruments rather than passive tracking vehicles.

The central tension this filing forces into the open is that fee pressure that reshaped the Bitcoin ETF market is now arriving simultaneously in ETH and SOL, and incumbent issuers like Grayscale and Franklin Templeton either cut costs or get left behind on price.

This news dropped as Bitcoin surged +1.5% on the day following news that Michael Saylor’s Strategy bought 520 Bitcoin for $35M, prompting a positive market reaction.

Franklin Templeton⁠ has filed for two new bitcoin-linked ETFs: the Franklin US Equity Bitcoin DRIP Index ETF and the Franklin US Innovation Bitcoin DRIP Index ETF.

Both funds would maintain a 95% U.S. equity / 5% bitcoin allocation by automatically reinvesting stock dividends… pic.twitter.com/V5imybEmu3

— Frank Chaparro (@fintechfrank) June 21, 2026

What Morgan Stanley ETF Actually Filed and How the Fee Math Works

The two products – the Morgan Stanley Ethereum Trust (proposed ticker: MSSE) and the Morgan Stanley Solana Trust (proposed ticker: MSOL) – are structured as grantor trusts that hold spot ETH and SOL directly.

The 0.14% sponsor fee is calculated on net asset value (NAV), accrues daily, and is paid monthly from trust assets, according to the amended SEC filing. Investors see the fee reflected in the fund’s tracking performance rather than as a separate line-item charge.

That structure mirrors Morgan Stanley’s own spot Bitcoin ETF (MSBT), which launched at the same 0.14% rate, making a consistent platform-wide pricing strategy across all three assets.

The bank first filed for these products in January 2026; the June amendments represent at least a second round of revisions as it works through SEC review of staking mechanics and fee structure.

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Staking Provisions: Where These ETFs Go Beyond Simple Spot Exposure

Staking is the mechanism that distinguishes these filings from those of a standard spot ETF. When a blockchain like Ethereum or Solana uses proof-of-stake consensus, the system by which validators lock up tokens to confirm transactions and secure the network, token holders can earn yield on their holdings in return.

Morgan Stanley’s filings direct 95% of those staking rewards back to fund shareholders, with the remaining 5% allocated to named infrastructure providers: Figment Inc, Galaxy Blockchain Infrastructure LLC, and Coinbase Canada Inc.

This structure effectively provides both ETFs with yield-enhanced spot exposure, which is particularly significant for Solana, where native on-chain staking yields are meaningfully higher than Ethereum’s.

A CoinMarketCap Academy analysis noted that Morgan Stanley is “forcing competitors to either cut costs or enhance their own value-add,” particularly around staking and liquidity services.

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The Fee Comparison: How Morgan Stanley Stacks Up Against Rivals

(SOURCE: CoinGlass)

At 14 basis points (one basis point equals 0.01 percentage point), Morgan Stanley undercuts every existing US spot ETH and SOL product. Grayscale’s Mini Ethereum Trust, already a response to fee pressure in the Ethereum ETF category, charges a 0.15% fee. Franklin Templeton’s Solana ETF sits at 0.19%, meaning Morgan Stanley undercuts it by five full basis points.

Those numbers may look narrow in isolation. At scale, among institutional allocators operating under strict fee caps or pension mandates, even a one-basis-point difference can materially affect net returns and determine which fund captures new inflows.

That is exactly how the Bitcoin ETF fee war played out after spot BTC products launched in January 2024, with TradFi issuers racing toward the floor to win assets under management. The same dynamic now has a second front.

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