Morgan Stanley amends Ethereum, Solana ETFs to reveal record cheap fees

Morgan Stanley amends Ethereum, Solana ETFs to reveal record cheap fees

ETF analyst Eric Balchunas says Morgan Stanley’s plan to charge 0.14% fees on two upcoming crypto ETFs makes them “the cheapest in [the] US and world.”

Low fees have been a tactic for Morgan Stanley as it looks to make a late entry into the spot crypto ETF market dominated by issuers such as BlackRock and Fidelity. Its Bitcoin (BTC) ETF, which launched in April, set its fees at 0.14%, below Grayscale’s 0.15% fee on its mini Bitcoin ETF.

That fee likely helped Morgan Stanley’s Bitcoin fund to record a respectable first-day inflow of $30.6 million. The ETF has since seen total inflows of $331 million, surpassing ETFs from Invesco, Franklin Templeton and CoinShares, which all launched in January 2024.

Staking services and fees

Morgan Stanley’s latest filings also show that Figment, Galaxy Blockchain Infrastructure and Coinbase Canada will provide the staking services for each of the ETFs, with each fund having a 5% staking fee for the rewards earned by the product.

Ticker details

The Ethereum ETF, called the Morgan Stanley Ethereum Trust, will feature the ticker “MSSE,” while the Solana ETF, dubbed the Morgan Stanley Solana Trust, will trade under MSOL.