Morgan Stanley amended SEC filings for its proposed Ethereum (MSSE) and Solana (MSOL) ETFs with a 0.14% management fee — the lowest in crypto ETFs — while offering staking yield (50-80% ETH, up to 100% SOL). Its Bitcoin ETF (MSBT), launched just April 8, already holds $364M.
Morgan Stanley amended SEC filings for its proposed Ethereum (MSSE) and Solana (MSOL) ETFs with a 0.14% management fee — the lowest in crypto ETFs — while offering staking yield (50-80% ETH, up to 100% SOL). Its Bitcoin ETF (MSBT), launched just April 8, already holds $364M.
Morgan Stanley amended its SEC filings for the Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) on July 10, 2026, disclosing a 0.14% annual management fee for both funds. That undercuts every competitor: BlackRock's IBIT at 0.25%, Bitwise at 0.20%, Franklin Templeton at 0.19%, and even Grayscale at 0.15%.
The Ethereum Trust (MSSE) would trade on NYSE Arca and stake 50-80% of its ETH holdings under normal conditions, with BNY and Coinbase Custody as custodians. Staking providers and custodians receive 5% of rewards; 95% accrues to the trust. The Solana Trust (MSOL) would stake up to 100% of its SOL, using the same custody arrangement and reward split.
The proof of concept is already running. Morgan Stanley's Bitcoin Trust (MSBT) launched April 8, 2026, at the same 0.14% fee — the first proprietary spot crypto ETF from a major US commercial bank. As of July 10, 2026, MSBT trades at $18.47/share with approximately $364.23M in net assets, ranking in the top 1% of ETF launches by volume and early adoption.
The competitive signal is sharp. SOL ETF AUM has already crossed $1B led by Bitwise's BSOL (launched October 2025). Brian Rudick, CSO of Solana treasury company Upexi and formerly head of research at GSR, noted: 'Issuers don't compete on price until the product is close to a commodity and the fight is for share, the same compression the spot BTC ETFs went through.'
Both MSSE and MSOL remain in registration; no launch dates have been confirmed.
Ondo Finance launched Ondo Intelligent Portfolios, a new onchain product category delivering portfolios built on strategies developed by BlackRock for Ondo as single transferable tokens. Three tokens went live today — High Income, Diversified Growth, High Growth — with smart-contract-level rebalancing, available to eligible investors outside the US.
US spot bitcoin ETFs have swung to net inflows of roughly $320M for 2026 (Bloomberg tally; ~$349M per Askthetape) — the first positive year-to-date print since April — after investors added about $4.6B since Aug 19, erasing a $5.69B deficit accumulated by July 13. BlackRock's IBIT captured ~$1.02B over four sessions as Bitcoin rallied ~35% from ~$64,100 to an eight-month high of $87,265.
On Monday, Sept 21, the European Central Bank switched on Pontes, a platform linking distributed-ledger markets to the Eurosystem's TARGET Services so eligible banks and market infra providers can settle tokenized bonds and funds in central-bank money. Christine Lagarde announced the go-live at Friday's Eurogroup, calling it 'a digital euro made available for banks.' It lands three days after the SEC's Innovation Exemption opened onchain trading of tokenized US stocks — the institutional tokenization race is now transatlantic.