The trust would be sponsored by Morgan Stanley Investment Management Inc. and structured as a Delaware statutory trust formed on Dec. 16, 2025. It would operate without employees or directors, placing all authority in the hands of the sponsor — a familiar structure in crypto-linked ETFs.
Daily valuation would be calculated at 4 p.m. ET using pricing data from major ether trading platforms, with an intraday indicative value published every 15 seconds during market hours.
FAQ What did Morgan Stanley file with the SEC? The bank filed a Form S-1 to launch the Morgan Stanley Ethereum Trust ETF. Will the ETF include staking rewards? Yes, the trust plans to stake a portion of its ether holdings to earn rewards. Does the ETF hold ether directly? Yes, the trust would hold ether in custody rather than using derivatives. Has the ETF been approved? No, the filing is pending review by the U.S. Securities and Exchange Commission (SEC).
