Morgan Stanley Files Ethereum and Solana ETFs With a 0.14% Fee

A New Low-Fee Entry in the Crypto ETF Landscape

Here's a development worth tracking with a level head. On June 18, 2026, Morgan Stanley filed amended S-1 registration statements with the SEC for two planned spot crypto ETFs — a spot Ethereum ETF and a spot Solana ETF — both carrying a 0.14% annual sponsor fee. According to the filings, that's the lowest fee proposed in the US market to date for either asset class.

Let me lay out the confirmed facts before offering any analysis, because the details here are specific and informative.

The Numbers Behind the Filing

The two products are proposed under the tickers MSSE for the Ethereum fund and MSOL for the Solana fund, both targeting a listing on NYSE Arca. The 0.14% fee is structured as a single unitary charge — it accrues daily on net asset value and is paid monthly in cash. For context, existing US spot Ethereum ETF products from established issuers have generally proposed fees in the 0.20% to 0.30% range, so Morgan Stanley is undercutting the field meaningfully.

A 95% Staking Reward Pass-Through

The detail I find most interesting is the staking component. The filing includes a 95% staking reward pass-through: both funds may stake a portion of their underlying Ethereum and Solana holdings to generate on-chain rewards, and the bulk of those rewards flow to fund investors. That lets shareholders keep exposure to the spot price of ETH and SOL while the trusts hold the assets directly — and capture much of the network yield that previously sat out of reach for traditional ETF buyers.

The June 18 filing is notable because it's the first time a specific fee was confirmed for either product. Prior amendments in March and May had filled in structural details — the MSOL ticker, the staking mechanism — but left the fee line blank.

Why a Fee This Low Is a Constructive Signal

Now for analysis, kept clearly separate from the facts. A market-leading low fee paired with a generous staking pass-through is, in my read, a sign of a maturing market. When a major institution competes on cost and on passing network rewards through to investors, it tells you the category has moved past novelty and into the phase where issuers fight for investors on the same terms as any other mainstream fund.

Healthy Competition Benefits Investors

The data-driven takeaway is straightforward: competition like this is good for the end investor. Lower fees and shared staking rewards mean more of the asset's return stays with the people holding the fund. For anyone watching the institutionalization of digital assets, a low-cost, staking-enabled ETF filing from a firm of this stature is a constructive marker of where regulated crypto products are heading.

The Takeaway

My measured conclusion: this is infrastructure news, not a price prediction. A blue-chip institution proposing efficient, reward-sharing access to ETH and SOL is exactly the sort of steady, structural progress that strengthens the broader ecosystem. As always, filings still move through the regulatory process before anything goes live — but the direction of travel is encouraging.

Sources: Bitcoin.com News — "Morgan Stanley Sets 0.14% Fee on Amended Ethereum and Solana ETFs Filing" — June 18, 2026; Crypto Briefing — "Morgan Stanley files amended applications for spot Ethereum and Solana ETFs with rock-bottom fees" — June 2026.