Summary
NYSE Arca approved Morgan Stanley's spot Ethereum (MSSE) and Solana (MSOL) staking ETFs after 8-A/424B3 filings became auto-effective under Section 12(b). Both carry a 0.14% fee; the sponsor retains none of the staking rewards after the 5% provider/custodian cut, pushing nearly all yield to investors.
Key Points
- NYSE Arca approved Morgan Stanley spot Ethereum ETF (MSSE) and Solana ETF (MSOL).
- 8-A and 424B3 filings auto-effective under Section 12(b) of the Exchange Act (pending CERT filing for trading date).
- Ethereum ETF: 0.14% sponsor fee; stakes 50–80% of holdings via Figment, Galaxy Blockchain, Coinbase Canada.
- Solana ETF: 0.14% management fee; stakes up to 100% of SOL holdings (same provider set).
- Reward distribution: staking service providers + custodians receive only 5% of staking rewards; Morgan Stanley IM (delegated sponsor) retains none of the remainder → higher investor earnings.
- Custodians: BNY Mellon and Coinbase Custody.
- Coincides with E*TRADE completing spot BTC/ETH/SOL trading rollout (linked Zerohash account).
- Existing Morgan Stanley Bitcoin ETF (MSBT): $391M+ total assets, ~$396M BTC holdings.
- Two-track strategy: institutional ETFs (advisor/allocator channel) + direct spot trading (retail brokerage channel).
- Accelerates institutional normalization of Solana (not just BTC/ETH) as ETF-eligible yield-bearing asset.