Morgan Stanley Files for 0.14% Ethereum & Solana ETFs with 95% Staking Rewards
Morgan Stanley (NYSE:MS) has filed for spot Ethereum and Solana ETFs with a 0.14% management fee, returning 95% of on-chain staking rewards to shareholders. The move expands its crypto product lineup beyond bitcoin ETFs and intensifies fee competition among Wall Street crypto ETF providers.
Key Numbers
Morgan Stanley (NYSE:MS) has filed for spot Ethereum and Solana exchange-traded funds (ETFs) with a management fee of 0.14%, returning 95% of on-chain staking rewards to shareholders.
The Product
The proposed ETFs will track the spot price of Ethereum and Solana, with the added benefit of staking to generate additional returns. Morgan Stanley will pass on 95% of these staking rewards to ETF holders, making it one of the most competitive offerings in the market.
Pricing & Availability
The launch date has not yet been announced. The 0.14% management fee is among the lowest in the crypto ETF space, putting pressure on competitors.
Competition
This follows Morgan Stanley's earlier launch of bitcoin ETFs, making it one of the first major banks to offer a diversified suite of crypto ETFs. It intensifies competition with firms like BlackRock and Fidelity, which offer similar products at higher fees.
Potential Impact on the Company
This expansion could strengthen Morgan Stanley's position as a leader in crypto services for institutional investors and encourage other major banks to enter the space.
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