Morgan Stanley has submitted final paperwork for two new exchange-traded funds that would invest in Solana and Ethereum and pass along staking rewards to investors. The ETFs are slated to list on NYSE Arca, and the filings represent a milestone for bringing crypto staking into the traditional ETF wrapper.
Staking rewards built in
The proposed funds would hold Solana and Ethereum directly and earn staking rewards from the networks. Those rewards would be passed through to shareholders after expenses. The filings emphasize low fees, though the exact expense ratio hasn't been disclosed yet. This structure is a first for a major U.S. bank — previous crypto ETFs from other issuers have focused on futures or spot holdings without staking.
A milestone for institutional crypto
Morgan Stanley's move is considered a milestone for crypto investment. It signals that one of the world's largest wealth managers sees enough regulatory clarity and market demand to offer staking exposure in a regulated product. The ETFs would give retail and institutional clients a way to earn yield on their crypto holdings without managing keys or validators themselves.
Awaiting the regulator's call
The filing now awaits a decision from the regulator. If approved, the ETFs would launch on NYSE Arca, joining a growing lineup of crypto-linked products. The timing isn't accidental — staking has become a key selling point for crypto ETFs, and Morgan Stanley is positioning itself early. The regulator's decision will determine whether the funds reach the market, and when.
