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06/19 07:47
Morgan Stanley adds staking incentive to Ethereum,
Morgan Stanley adds staking incentive to Ethereum, Solana ETFs
Morgan Stanley has updated its proposed Ethereum and Solana exchange-traded funds with a staking structure that would allow 95% of staking rewards to remain within the trusts while charging a 0.14% annual sponsor fee.
According to amended S-1 registration statements filed by Morgan Stanley, both the Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust would stake portions of their underlying crypto holdings to generate additional income for investors.
The filings disclosed that staking service providers and custodians would receive 5% of staking rewards as compensation, while the remaining 95% would stay in the funds.
Under the proposed structure, Morgan Stanley stated that the sponsor would not receive any staking rewards beyond the management fee. The filings indicate that staking income would accrue to the trusts rather than being redirected to the fund sponsor.
The amendments represent another step in Morgan Stanley’s efforts to expand its digital asset product lineup after entering the spot Bitcoin ETF market earlier this year.
Ethereum filing outlines validator limits and staking delays
Details included in the Ethereum filing provide a closer look at how the staking process would operate. According to Morgan Stanley, custodians would deposit ETH held by the trust into Ethereum staking smart contracts, while third-party staking service providers would operate validators on behalf of the fund.
The filing noted that staked Ether remains exposed to slashing penalties if validators fail to meet network requirements or violate protocol rules. In such cases, a portion of staked ETH could be removed from a validator’s balance.#2026 World Cup Posting Challenge on HTX Square #HTX Creation Challenge — Post and Win 1,500U 💥
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