Crypto Briefing approved image library
Morgan Stanley has revised its S-1 filings for proposed spot Ether and Solana ETFs, indicating potential advancements in its efforts to introduce these crypto products. The updated filings reveal that Coinbase will provide custody and facilitate staking, with BNY Mellon also designated as a joint custodian. The funds, named Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust, offer a competitive 0.14% annual sponsor fee. As the ETFs await SEC review, their approval remains pending. The move is indicative of increased competition in the crypto ETF sector and reflects a growing institutional embrace of staking infrastructure, spurred by recent regulatory clarifications.
Key Takeaways
Morgan Stanley’s revised filings suggest a strategic move to establish low-fee, institutionally-backed crypto ETFs.
Market pricing appears consistent with increased confidence in Ethereum due to heightened institutional interest.
