Morgan Stanley Ethereum Solana ETF filings just hit the SEC. The Wall Street giant submitted revised S‑1 registration statements on May 20.
The applications cover two proposed crypto ETFs. One tracks Ethereum. The other tracks Solana.
Morgan Stanley Ethereum Solana ETF filings: key details
The filings are for the Morgan Stanley Ethereum Solana ETF. The proposed ticker for the Ethereum ETF is MSSE. For the Solana product, it is MSOL.
Morgan Stanley aims to mirror its spot Bitcoin ETF launch from April.
Both documents describe the trust structure. They also explain how authorized participants will create and redeem shares. Moreover, the filings include language about staking. The trusts will stake a portion of the underlying assets.
For Ethereum, the trust will follow the spot price. It will also use a share of the held ETH for staking. Importantly, the trust is not an active investment entity. Therefore, it will not seek profit beyond tracking ETH price and staking rewards.
The Solana ETF filing uses similar language. It will track SOL price and stake a portion of tokens. In addition, the filing mentions risks related to Solana’s Proof of History architecture and network design.
Morgan Stanley Ethereum Solana ETF filings: what’s missing?
The bank did not disclose management fees or expense ratios. Furthermore, no launch date has been announced yet.
However, the revised filings confirm cash creations and redemptions. Authorized participants will handle these. A delegated sponsor will manage operational processes.
These filings come as competition heats up in the US spot crypto ETF space. For example, Grayscale recently filed an amended S‑1 for its BNB coin ETF.
