Morgan Stanley has filed fresh amendments to its spot ether and solana exchange-traded fund (ETF) applications, naming Coinbase as custodian and staking facilitator. The updates mark the banking giant’s third round of revisions since its January debut filings.
Key Takeaways
Morgan Stanley updated S-1s for its Ethereum and Solana trusts on July 14, with Coinbase handling custody.Both funds carry a 0.14% sponsor fee, undercutting Grayscale’s 0.15% as the ETF fee war intensifies.The filings allow staking of 50–80% of the trust’s ETH and up to 100% of its SOL, pending SEC approval.The rapid cadence of amendments (be it the original filings in January, revisions on June 18, and now the July 14 update) suggests active dialogue with the Securities and Exchange Commission (SEC). Successive S-1 updates typically indicate regulators are engaging with an application rather than letting it sit.
