Morgan Stanley updates Ethereum and Solana ETF filings, Coinbase to serve as custodian and staking service provider
2026-07-15 07:32
Odaily Planet Daily News On July 14, Morgan Stanley updated the S-1 registration statements for proposed spot Ethereum and Solana ETFs, designating Coinbase to handle custody and assist with staking, and BNY Mellon as the joint custodian for both trusts.
The Ethereum trust plans to stake between 50% and 80% of its ETH under normal circumstances, while the Solana trust may stake up to 100% of its SOL, retaining a portion of liquidity for redemptions and fees. The staking service provider and custodian will share 5% of the rewards, with the remaining 95% allocated to each respective trust.
The filings indicate an annual sponsor fee of 0.14% for both funds. The Ethereum product is expected to trade under the ticker MSSE, while the Solana fund will be listed on NYSE Arca under the ticker MSOL. The applications are still pending approval from the U.S. Securities and Exchange Commission (SEC).
The Ethereum trust plans to stake between 50% and 80% of its ETH under normal circumstances, while the Solana trust may stake up to 100% of its SOL, retaining a portion of liquidity for redemptions and fees. The staking service provider and custodian will share 5% of the rewards, with the remaining 95% allocated to each respective trust.
The filings indicate an annual sponsor fee of 0.14% for both funds. The Ethereum product is expected to trade under the ticker MSSE, while the Solana fund will be listed on NYSE Arca under the ticker MSOL. The applications are still pending approval from the U.S. Securities and Exchange Commission (SEC).
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