Morgan Stanley (NYSE:MS) filed amendments on Tuesday to its registration documents for exchange-traded funds tied to Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL).
Morgan Stanley Set To Launch New Crypto ETFs
The banking behemoth submitted amended S-1 filings for two funds: the Morgan Stanley Ethereum Trust ETF, to trade under the ticker MSSE, and the Morgan Stanley Solana Trust ETF, to trade under the ticker MSOL.
Both funds will have a management fee of 0.14%, with built-in staking capabilities. This means that apart from tracking the performance of the underlying asset, the ETFs would distribute staking rewards to their respective shareholders.
Bloomberg ETF analyst James Seyffart also highlighted the development, adding that the official launch is likely getting “pretty close.”
