Morgan Stanley Proposes Solana Staking ETF After 14bps Bitcoin Spot Launch
Morgan Stanley filed an amended registration for a Solana staking ETF, pending fee approval, following its Bitcoin spot ETF launch at 14 basis points. The proposed product would stake SOL tokens on investors’ behalf to earn network rewards and could enhance the firm's ETF fee revenue.
1. Amended Solana ETF Filing
Morgan Stanley submitted an amended registration statement for a Solana staking ETF, with the ticker name pending and no management fee disclosed yet. This follows the firm’s recent debut of a Bitcoin spot ETF priced at 14 basis points.
2. First Commercial Bank in Crypto ETFs
MS became the first commercial bank to launch a Bitcoin spot ETF, signaling a strategic push into digital-assets products where banks traditionally have limited presence. The new Solana staking proposal extends this push by incorporating yield-generation features.
3. Staking Structure and Revenue Implications
The Solana staking ETF will lock and validate SOL tokens on behalf of shareholders, converting network staking rewards into potential dividends. By leveraging lower fees and added yield, Morgan Stanley aims to capture market share and boost its ETF fee revenues against established crypto fund issuers.