Morgan Stanley Advances Ethereum and Solana ETF Filings with Fee and Staking Details
- Morgan Stanley has amended its S-1 registration statement for the Ethereum and Solana ETFs, following its spot Bitcoin ETF launch in April.
- Both trusts will charge a sponsor fee of 0.14% annually based on each fund’s NAV, billed daily and paid monthly.
- The trusts can stake their assets, with custodians and service providers receiving only 5% of staking rewards, leaving the remaining 95% within the funds.
- As of May, approximately 3.64 million ETH was queued for activation on validators, with a waiting time estimated at about 63 days before earning rewards.
- The Solana Trust will use a similar staking method but did not specify a daily staking limit.
Morgan Stanley’s filings highlight ongoing efforts to develop new crypto ETFs as the SEC collaborates with issuers on future products. The bank’s focus on altcoin ETFs follows the success of its Bitcoin offerings.
With both Ethereum and Solana ETFs incorporating staking mechanisms that retain most rewards within the funds, investors may benefit from potentially higher earnings compared to non-staking funds.(Source)
