Morgan Stanley updates Ethereum and Solana ETF filings with Coinbase as custodian and staking partner.
Morgan Stanley has amended its filings for spot Ethereum and Solana ETFs, naming Coinbase as custodian and staking facilitator alongside BNY Mellon. The Ethereum trust plans to stake 50-80% of its ether, while the Solana trust may stake up to 100% of its SOL, pending SEC approval. Both ETFs feature a low 0.14% annual sponsor fee, undercutting competitors like Grayscale, as Morgan Stanley aims to capture market share amid rising fee competition. The SEC is actively reviewing the filings, with approval timelines still uncertain.
Morgan Stanley has amended its filings for spot Ethereum and Solana ETFs, naming Coinbase as custodian and staking facilitator alongside BNY Mellon. The Ethereum trust plans to stake 50-80% of its ether, while the Solana trust may stake up to 100% of its SOL, pending SEC approval. Both ETFs feature a low 0.14% annual sponsor fee, undercutting competitors like Grayscale, as Morgan Stanley aims to capture market share amid rising fee competition. The SEC is actively reviewing the filings, with approval timelines still uncertain.
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