Morgan Stanley has taken another step toward expanding its cryptocurrency investment offerings by submitting updated registration documents for proposed Ethereum and Solana exchange-traded funds (ETFs) to the U.S. Securities and Exchange Commission (SEC).
Morgan Stanley Revises Ethereum and Solana ETF Applications
The Wall Street banking giant filed amended Form S-1 documents for two crypto investment products: an Ethereum Trust and a Solana Trust.
According to the updated filings, the proposed ticker symbol for the Ethereum ETF would be MSSE, while the Solana ETF would trade under MSOL. The move follows Morgan Stanley’s earlier entry into the spot Bitcoin ETF market.
The updated documents outline how shares would be created and redeemed through authorized participants while detailing the operational structure of each trust.
Ethereum ETF Could Include Staking Rewards
The revised Ethereum filing indicates the trust would track the spot price of Ethereum while also staking a portion of held ETH to generate additional rewards.
Morgan Stanley clarified that the ETF would not operate as an actively managed investment vehicle. Instead, its objective would primarily focus on mirroring Ethereum price performance alongside any staking-related returns.
This approach reflects growing industry interest in combining traditional ETF structures with blockchain-native yield generation.
Solana ETF Filing Highlights Network Risks and Staking
The Solana ETF application follows a similar structure. The trust would track the price performance of SOL and stake part of its holdings.
However, the filing also emphasizes risks linked to Solana’s network architecture, including concerns associated with its Proof of History consensus mechanism and overall blockchain design.
The inclusion of staking language in both filings may signal increasing acceptance of yield-generating features within regulated crypto investment products.
ETF Fees and Launch Timeline Still Unknown
Despite the updated applications, Morgan Stanley has not yet revealed management fees, expense ratios, or a potential launch date for either ETF.
The filings confirm that cash-based creations and redemptions would be available through authorized participants, while certain operational responsibilities may be handled by delegated sponsors.
Competition Intensifies in the Crypto ETF Market
Morgan Stanley’s latest ETF amendments arrive as competition in the U.S. cryptocurrency ETF sector expands beyond Bitcoin.
Large financial firms are increasingly exploring products tied to alternative digital assets such as Ethereum, Solana, and other major cryptocurrencies. Recent filings from additional asset managers suggest interest in altcoin ETFs continues to accelerate.
If approved, these products could further strengthen institutional access to crypto markets and increase mainstream exposure to Ethereum and Solana.
