The updated filings reveal that the sponsorship fees for both funds will be 0.14%, making them the lowest-cost Ethereum and Solana ETFs in the U.S. if approved. The document also confirms plans to stake a portion of the fund’s cryptocurrency holdings, with Figment, Galaxy Blockchain Infrastructure and Coinbase Canada acting as staking providers.
Morgan Stanley updates ETF filings
morgan stanley Spot Ethereum and Solana Exchange Traded Fund (ETF) nearing launch in the US filing We have amended our U.S. Securities and Exchange Commission (SEC) registration documents. The latest amendments were filed Thursday and are the second update to the company’s Ethereum and Solana ETF applications since they were first filed in January. This could be a sign that discussions between Morgan Stanley and the SEC are progressing.
One of the most interesting details revealed in the latest filing is the fee structure. Morgan Stanley plans to charge a sponsorship fee of just 0.14% for both the Ethereum and Solana ETFs.
If approved, the funds will become the cheapest spot Ethereum, Solana ETF Currently available on the US market. The proposed fees are below existing competitors, including Grayscale’s Mini Ethereum Trust, which currently offers the lowest Ethereum ETF fees at 0.15%, and Franklin Templeton’s SOEZ, which charges 0.19% for its Solana ETF.
The filing also provides further insight into how the fund will be managed. Morgan Stanley aims to become a corporation staking As a result, some of the Ethereum and Solana held by the fund will be produce yield. Staking has become an attractive feature for crypto investment products as it allows investors to earn rewards while maintaining exposure to the underlying digital assets.
Figment Inc., Galaxy Blockchain Infrastructure LLC, and Coinbase Canada Inc. were selected as staking service providers for the ETF, according to the filing. These providers, along with the custodians, receive a 5% share of the staking rewards generated by the fund.
The proposed ETF is expected to trade under the ticker symbols MSSE for Ethereum Funds and MSOL for Ethereum Funds. solana fund. Although the product has not yet received regulatory approval, the inclusion of detailed operational information and fee structures is often seen as an indication that the SEC’s review process is progressing.
Morgan Stanley’s latest ETF push follows successful launch of Spot Bitcoin ETFthe Morgan Stanley Bitcoin Trust (MSBT) was established earlier this year. This fund also entered the market with a very competitive sponsorship fee of 0.14%.
