Morgan Stanley has updated its filings for proposed Ethereum and Solana exchange-traded funds, adding more details about staking, custody, and how the funds will operate as competition in the crypto ETF market grows.
The proposed Ethereum ETF will use the ticker MSSE, and the Solana ETF will likely use MSOL. Both funds plan to track the spot prices of their assets and earn staking rewards from part of their holdings. Morgan Stanley said the trusts will use passive investment strategies and will not use leverage or speculative trading.
A key point in the Solana filing is its staking setup. The trust may stake up to all of its SOL holdings, depending on liquidity and redemption needs. Coinbase Custody and BNY Mellon will be the fund’s custodians, and third-party providers will handle staking operations.
These filings come as Morgan Stanley expands crypto access on its E*Trade platform. The bank has started testing direct crypto trading, so retail clients will soon be able to buy and sell Bitcoin, Ether, and Solana directly, not just through ETFs.
The updated applications show Wall Street’s growing confidence in regulated crypto investment products beyond Bitcoin, especially as interest in staking returns and altcoin ETFs keeps rising in the U.S.
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