Key Takeaways:
Morgan Stanley's Solana ETF filing at a record-low 0.14% fee could reshape institutional access to SOL.
Morgan Stanley filed an amended S-1/A registration statement for a spot Solana ETF on June 26, pricing the sponsor fee at 0.14%, the lowest among all US crypto ETF competitors, while SOL traded near a key support level.
"Morgan Stanley Ether and Solana ETFs nearing launch. The fee on each is going to be 14bps making them the cheapest in the U.S. and world," Eric Balchunas, Bloomberg ETF analyst, said.
The Morgan Stanley Solana Trust (proposed ticker: MSOL) will stake up to 100% of its SOL holdings via Figment, Galaxy Blockchain Infrastructure and Coinbase Canada, passing 95% of staking rewards back to shareholders. The 0.14% annual fee undercuts Grayscale's Mini Ethereum Trust at 0.15%, Franklin Templeton's Solana ETF at 0.19%, Bitwise's Solana staking ETF at 0.20% and BlackRock's iShares Ethereum Trust at 0.25%.
The filing represents the second round of SEC review since Morgan Stanley first submitted in January 2026. If approved, the product would open Solana to the bank's wealth management clients, potentially channeling billions in institutional capital into SOL — mirroring the impact spot Bitcoin ETFs had on BTC flows.
Spot Solana ETFs have already attracted $7.11 million in net inflows over the past week, according to SoSoValue data, extending a multi-month rotation into altcoin products. Solana ETFs drew more than $103 million in May alone. The inflows contrast with spot Bitcoin ETFs, which recorded $226.84 million in net outflows last week — a sixth consecutive week of withdrawals — and spot Ethereum ETFs, which saw $10.05 million in outflows.
The staking component distinguishes Morgan Stanley's Solana ETF from standard spot products. Solana's native on-chain staking yields are meaningfully higher than Ethereum's, making the yield-enhanced structure particularly attractive for income-seeking institutional investors. The trust may stake up to 100% of its SOL under normal circumstances, per the SEC filing.
Morgan Stanley's platform-wide pricing strategy — 0.14% across its Bitcoin, Ethereum and Solana ETFs — pressures incumbent issuers to cut fees or lose market share. The bank's spot Bitcoin ETF (MSBT), launched in April at the same rate, has accumulated roughly $300.7 million in cumulative net flows as of Thursday, per SoSoValue data.
On the same day, Franklin Templeton filed registration paperwork for two ETFs that would convert stock dividends into Bitcoin, signaling a different approach to combining traditional equity exposure with crypto accumulation.
This article is for informational purposes only and does not constitute investment advice.
