Morgan Stanley shocks the market: fees on Ethereum and Solana ETFs reduced to a record 0.14%
The largest American investment bank, Morgan Stanley, is once again rewriting the rules of the game in the crypto-ETF market. In the latest amendments to S-1 filings submitted to the U.S. Securities and Exchange Commission (SEC), the company has radically reduced the management fee for its future spot funds on Ethereum (ETH) and Solana (SOL). The new rate is just 0.14% — a level that makes Morgan Stanley's products the cheapest among all similar offerings on the market.
For comparison: even Grayscale and Franklin Templeton, traditionally considered leaders in low costs, cannot boast such figures. In fact, Morgan Stanley is undercutting prices to capture market share even before the official launch of the ETFs. This is an aggressive move, indicating that the bank sees enormous institutional demand for altcoins beyond Bitcoin.
Staking as a Separate Source of Income
The staking policy deserves special attention. According to the updated documents, the fee for participating in staking within the funds will be 5% of the rewards received. This means that Morgan Stanley is not just passively holding assets but actively earning on them, offering clients additional returns. However, it is important to understand: 5% is a service fee, not a charge on the income itself. Investors will receive 95% of all staking rewards, which is an extremely attractive condition compared to competitors.
In my view, reducing the fee to 0.14% is a strategic move that could trigger a new wave of price wars among crypto-ETF issuers. At a time when the SEC is finally starting to show interest in Solana, Morgan Stanley is clearly preparing for a massive influx of capital. If these funds receive approval, we will see not just a product launch but a true market reshuffling, where the winner will be the one offering the best terms, not just the brand.