Morgan Stanley Amends ETH and SOL ETFs with Competitive Fees
- Morgan Stanley filed amendments for Ethereum and Solana ETFs, setting a low sponsor fee of 0.14%.
- The new fee structure could undercut competitors like Grayscale’s Mini Ethereum Trust, which charges a fee of 0.15%.
- Staking providers Figment Inc., Galaxy Blockchain Infrastructure LLC, and Coinbase Canada Inc. are named in the filings.
- 5% of staking rewards will be allocated to service providers and custodians.
Morgan Stanley’s amendments suggest progress toward launching its spot Ethereum and Solana ETFs. The bank’s strategy includes competitive fees and staking options to differentiate in the crowded ETF market.
By setting a sponsor fee at just below current market leaders, Morgan Stanley aims to attract investors looking for cost-effective exposure to Ethereum and Solana assets while offering potential staking rewards as an added benefit. (Source)
