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Morgan Stanley’s proposed 0.14% ETH and SOL fees could turn the next crypto ETF race into a price fight
Morgan Stanley’s proposed 0.14% ETH and SOL fees raise pressure on rivals as advisors weigh staking-adjusted crypto exposure.
Morgan Stanley filed amended Ethereum and Solana trusts with a 0.14% annual delegated sponsor fee for both products.
02The pricing undercuts rival ETH and SOL funds, aiming to win institutional shelf space as advisors compare fee-minus-staking economics.
03Both filings still need SEC effectiveness, and staking, custody, and tax handling could force more changes before trading.
Morgan Stanley filed amended registration statements for proposed Ethereum and Solana ETF trusts on June 18, setting a 0.14% annual delegated sponsor fee on both products.
Bloomberg senior ETF analyst Eric Balchunas described the proposed fee as the lowest among ETH and SOL products worldwide.
The ETH trust, expected to trade on NYSE Arca under the ticker MSSE, intends to track ether and staking rewards from a portion of its holdings. The SOL trust (MSOL) intends to stake up to 100% of its Solana.
BlackRock's iShares Ethereum Trust ETF (ETHA) carries a 0.25% sponsor fee, Grayscale's mini Ether (ETH) product sits at 0.15%, Bitwise's Solana staking ETF (BSOL) launched at 0.20%, and Franklin Templeton's Solana ETF (SOEZ) lists a 0.19% net expense ratio.
The filings are preliminary, and the SEC must declare both registration statements effective before shares trade; neither filing has reached that threshold.
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