Morgan Stanley submitted a second amendment to its spot Solana ETF registration with the SEC on June 18, 2026, disclosing a 0.14% annual sponsor fee, the lowest of any US Solana ETF currently trading, and naming three staking providers.
The fund, the Morgan Stanley Solana Trust, is proposed to trade under the ticker MSOL. It would hold SOL directly and stake up to 100% of its holdings through Figment Inc., Galaxy Blockchain Infrastructure LLC, and Coinbase Canada Inc. Shareholders would receive 95% of staking rewards; the remaining 5% goes to the providers and custodians. Staking is built into the structure at launch, not added later.
At 0.14%, MSOL would undercut Franklin Templeton's SOEZ, which charges 0.19% and currently holds the lowest fee among US Solana ETFs. Morgan Stanley's original Solana S-1 was filed in January 2026; June 18 marks the second round of revisions, indicating active SEC dialogue on the staking mechanics and fee structure.
Morgan Stanley also filed a parallel amendment for a spot Ethereum fund, the Morgan Stanley Ethereum Trust (MSSE), at the same 0.14% fee using the same three staking partners. The Ethereum trust intends to stake between 50% and 80% of its ETH holdings under normal conditions. That fee would undercut Grayscale's Mini Ethereum Trust at 0.15%.
