Morgan Stanley filed fresh amendments for its proposed Ethereum and Solana ETFs on Thursday, setting a sponsor fee of 0.14% for both funds. The move signals the bank's continued push into digital asset products, even as regulatory scrutiny lingers. The filings also reveal plans to stake a portion of the assets through third-party providers.
The fee and the staking plan
The 0.14% fee is competitive with other crypto ETF offerings currently before the SEC. But the real differentiator is staking. Morgan Stanley says it will stake some of the funds' assets to generate yield — a feature that could attract yield-hungry investors. The staking will be handled by Figment, Galaxy, and Coinbase Canada, according to the filings.
Who's staking what
Each of the three staking providers will handle a portion of the assets. Figment and Galaxy are well-known institutional staking firms; Coinbase Canada is the exchange's Canadian arm. Using multiple stakers spreads risk and may help with regulatory compliance. It's not yet clear how much of each fund's portfolio will be staked, or how the staking rewards will be distributed to shareholders.
What comes next
The SEC now has a 240-day review window for each ETF proposal, though the clock resets with each amendment. Given the agency's cautious stance on crypto products, approval isn't guaranteed. Still, Morgan Stanley's filing — with a low fee and a concrete staking plan — puts pressure on competitors to match the terms. The next deadline for SEC action falls in late February 2027.
