Morgan Stanley sets 0.14% crypto ETF fees

• Morgan Stanley plans to charge 0.14% fees on its proposed Ethereum and Solana ETFs, undercutting existing competitors.
• The fee structure would make the products the lowest-cost spot Ether and Solana ETFs in the US market.
• The amended filings suggest the SEC may be nearing a decision on the proposed funds.

Morgan Stanley has amended its filings for proposed Ethereum (CRYPTO:ETH) and Solana (CRYPTO:SOL) exchange-traded funds, revealing plans to charge management fees of 0.14% for both products.

The proposed fees are below the current lowest-cost US spot Ether ETF, which charges 0.15%, and the lowest-cost spot Solana ETF, which charges 0.19%.

“The cheapest in the US and the world,” said Bloomberg ETF analyst Eric Balchunas.

The updated filings also show that Figment, Galaxy Blockchain Infrastructure and Coinbase Canada will provide staking services, while each fund will retain a 5% fee on staking rewards generated by the products.

The amendments mark the second revision since Morgan Stanley first filed for the ETFs in January, and such updates are often viewed as a sign that regulatory review is progressing toward a decision. Following the announcement the Morgan Stanley share price was unchanged at $0.00.

The proposed Morgan Stanley Ethereum Trust will trade under the ticker MSSE, while the Morgan Stanley Solana Trust is expected to use the ticker MSOL if approved.

Morgan Stanley previously used a similar low-fee strategy for its spot Bitcoin (CRYPTO:BTC) ETF launched in April, which attracted US$30.6 million in first-day inflows and has since accumulated US$331 million in net inflows, according to the filing details.

At the time of reporting, Ethereum price was $1,734.42.