Morgan Stanley Ethereum and Solana ETFs Near Launch, Bloomberg Analyst Confirms

Varinder Singh
Varinder Singh

Varinder Singh

Independent Sr. Journalist
Expertise : Bitcoin, Crypto, Global Macro, DeFi, Blockchain, Web3, US Stocks, AI, Regulations and Lawsuits, & More
Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers.
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Morgan Stanley Ethereum and Solana ETFs Near Launch, Bloomberg Analyst Confirms
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Highlights

  • Morgan Stanley amends its S-1 registration statement for its Ethereum and Solana ETFs.
  • Both MSSE and MSOL will have a 0.14% management fee, the lowest fee yet for crypto ETFs.
  • Bloomberg ETF analyst James Seyffart claims Morgan Stanley nears launching its new spot ETFs.

Morgan Stanley has filed an amended S-1 registration statement for its Ethereum and Solana ETFs. The filings indicate the Wall Street giant is moving closer to launching new crypto ETFs following its spot Bitcoin ETF debut this year, claims a Bloomberg ETF analyst.

Morgan Stanley Amends Ethereum ETF Filing with US SEC

According to the latest SEC filing dated July 14, Morgan Stanley submitted 3rd amendment to its spot Ethereum ETF. The proposed ETF will list and trade on NYSE Arca under the ticker symbol MSSE.

The latest amendment includes an updated delegated sponsor, Coinase Prime, Coinbase custodial and trade finance agreements. The latest amendment indicates the Morgan Stanley Ethereum ETF could become effective soon.

Spot Ethereum ETF would levy a sponsor fee of 0.14%. Also, it plans to stake 50-80% of holdings via providers such as Figment, Galaxy Blockchain, and Coinbase Canada. Notably, staking services providers and custodians are to receive only a 5% of the staking rewards.

Morgan Stanley Investment Management, the delegated sponsor, said it will not receive or retain the remaining staking rewards, resulting in higher earnings for investors.

Moreover, The Bank of New York Mellon and Coinbase Custody will serve as custodians for the Morgan Stanley Etherumn ETF.

Bloomberg ETF analyst James Seyffart said the “launch is likely getting pretty close” as Morgan Stanley updated the documents for both its Ethereum and Solana ETFs.

Wall Street Giants Updates its Solana ETF

Morgan Stanley also updated its S-1 registration statement for its spot Solana ETF, with similar agreements with service providers. The issuer proposed to list and trade Solana ETF on NYSE Arca under the ticker MSOL.

Morgan Stanley Solana ETF also revealed its 0.14% management fee. Also, the issuer plans to stake upto 100% of SOL holdings through Figment, Galaxy Blockchain, and Coinbase Canada.

While Wall Street institutions are integrating yield mechanics into exchange-traded products, retail investors can directly access yield by comparing the best crypto staking platforms available for self-custody or exchange-based staking.

The staking rewards distribution mechanism for staking service providers, custodians, and investors is the same as in the Morgan Stanley Ethereum ETF.

Cash custodians, crypto custodians, administrator, transfer agent, and marketing agent are similar to those of its Morgan Stanley Bitcoin ETF. The MSBT holds over $357 million in total assets, with BTC holdings worth over $379 million.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers.