Morgan Stanley is going aggressive on pricing for its upcoming crypto ETFs. The firm just amended its SEC filings for both its Ethereum and Solana spot ETFs, revealing a management fee of just 0.14% — which would make them the cheapest crypto ETFs available anywhere.
For context, the current lowest-fee spot Ether ETF in the US is Grayscale’s Ethereum Staking Mini at 0.15%. Franklin Templeton’s Solana ETF charges 0.19%. Morgan Stanley is undercutting both.
Bloomberg ETF analyst Eric Balchunas didn’t mince words: he called them “the cheapest in the US and world.” That’s not marketing spin — the numbers back it up.
This is Morgan Stanley’s second amendment since initially filing in January, and amendments typically signal the SEC is getting close to approval. If greenlit, these would become the 11th spot Ether ETF and 7th spot Solana ETF in the US market.
The low-fee strategy isn’t new for Morgan Stanley. Its Bitcoin ETF launched in April with the same 0.14% fee and pulled in $30.6 million on day one. Since then it’s accumulated $331 million in total inflows, outpacing funds from Invesco, Franklin Templeton, and CoinShares that all launched over a year earlier.
The ETFs will offer staking through Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada, with a 5% staking fee on rewards. The Ethereum trust will trade under “MSSE” and the Solana trust under “MSOL.”
