Morgan Stanley has filed registration statements with the U.S. Securities and Exchange Commission for proposed exchange-traded funds tracking Ethereum and Solana, with disclosure documents listing an annual fee of 0.14% for each product.
What the proposed filings say about the 0.14% annual fee
The 0.14% figure appears in S-1 registration filings submitted to the SEC. The documents cover separate ETF products for both Ethereum and Solana, structured as standard spot crypto fund proposals.
These are proposed products, not live funds. The filings represent an early stage in the regulatory process, and no trading date has been set.
Morgan Stanley joins a growing list of traditional financial institutions seeking direct crypto ETF exposure for clients. The move comes as Solana’s ecosystem continues to expand across major exchanges and institutional platforms.
Amended versions of the filings have since appeared on the SEC’s EDGAR system, including updated S-1A documents, indicating the registration process is actively progressing through revisions.
What the fee means for prospective investors
The 0.14% charge is an annual expense ratio, not a one-time cost. For every $10,000 invested, it would translate to roughly $14 per year deducted from fund assets.
Because the products remain in the proposal stage, the fee disclosed in current filings is not final. Amended registration statements can adjust expense ratios before a fund receives approval and begins trading.
The fee structure sits within the range typically seen in crypto ETF proposals, though direct comparisons require caution given that each issuer’s final terms depend on custody arrangements, insurance costs, and operational structure.
What to watch next in the ETF process
The filing process remains ongoing. Multiple amended documents already appearing in the SEC filing index suggest Morgan Stanley is actively responding to regulatory feedback or refining fund terms.
A separate amended filing for a related product also appeared in recent EDGAR records, reinforcing the scope of Morgan Stanley’s crypto ETF push.
The next meaningful developments would include further amended filings, a formal SEC effectiveness declaration, or a notice of proceedings. No approval timeline has been disclosed, and the broader regulatory environment for crypto products continues to evolve across multiple agencies.
For Ethereum and Solana holders watching institutional adoption, the key signal is whether these registrations advance to final effectiveness or face extended review. Recent activity across the crypto industry, from high-profile enforcement cases to new product launches, underscores how quickly the landscape is shifting.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
