Morgan Stanley Updates Ethereum and Solana ETF Filings on July 14; Coinbase Named Custodian

Morgan Stanley updated its proposed spot Ethereum and Solana ETF filings on July 14, designating Coinbase as custodian and staking service provider, with BNY Mellon serving as co-trustee for both trusts. The Ethereum trust plans to stake 50-80% of holdings under normal conditions, while the Solana trust may stake up to 100% of SOL, preserving liquidity for redemptions and fees. Staking and custodial service providers will share 5% of rewards, with the remaining 95% retained by each trust.

Both funds carry an annual sponsor fee of 0.14%. The Ethereum product is expected to trade under ticker MSSE, while the Solana fund will list on NYSE Arca as MSOL. Both filings remain pending SEC approval.