Key facts
- Morgan Stanley filed amended S-1 registration statements for its planned Ethereum and Solana ETFs.
- The ETFs will have an annual sponsor fee of 0.14%.
- The trusts intend to stake their crypto assets.
- The trusts will retain 95% of staking rewards.
- The filings detail fees and staking plans for the ETFs.
Morgan Stanley has submitted amended S-1 registration statements for its proposed Ethereum and Solana Exchange Traded Funds (ETFs). These filings disclose a proposed annual sponsor fee of 0.14% for both ETFs. In addition to management fees, the trusts holding the digital assets intend to engage in staking. This strategy aims to generate additional income for the trusts. The structure of the staking rewards indicates that the trusts will retain 95% of the rewards generated from staking their crypto assets, with the remaining 5% likely going to the staking service provider. This development signals continued innovation and product expansion in the cryptocurrency ETF sector, with major financial institutions like Morgan Stanley actively developing offerings for digital assets.