Morgan Stanley reshapes the market: commission on Ethereum and Solana ETFs dropped to a record low of 0.14%
Cryptalist's analytical department notes a significant move from one of Wall Street's heavyweights. Morgan Stanley has updated its S-1 filings submitted to the SEC for launching spot ETFs on Ethereum (ETH) and Solana (SOL). The key change is an aggressive reduction in management fees to 0.14% for both instruments.
This positions Morgan Stanley's products at a lower cost than similar offerings from Grayscale and Franklin Templeton. For comparison, most competitors in the spot crypto-ETF segment maintain fees in the range of 0.20%–0.50%. This move appears as a direct attempt to capture market share through price undercutting, which is typical of the initial phase of competition in a new asset class.
Particular attention should be paid to the staking yield structure. The updated documents indicate that the staking fee will be 5% of the rewards received. This is standard practice, but it is important to emphasize that the very inclusion of staking in a Solana ETF signals a deep understanding of Proof-of-Stake mechanisms by this traditional financial giant.
Currently, the SEC has not yet approved any of these ETFs, but reducing the fee to 0.14% is a powerful marketing move that forces other issuers to reconsider their rates. If the regulator gives the green light, we will see a fierce battle for liquidity, where low fees will become the main trump card.
My expert opinion: This move by Morgan Stanley is not just a price reduction, but a strategic maneuver aimed at creating barriers to entry for smaller issuers. In the long term, if the SEC approves the Solana ETF, we could witness a domino effect: other major banks will be forced to either lower their fees or drop out of the race. The crypto-ETF market is entering a phase of hyper-competition, and the winner will be the one who can offer investors maximum efficiency at minimal cost.