In a significant move within the cryptocurrency market, Morgan Stanley has announced its intention to launch two exchange-traded funds (ETFs) for Ethereum and Solana with a record low fee of 0.14%. This pricing strategy positions them as the most affordable options available in both the US and globally, according to ETF analyst Eric Balchunas.
The firm submitted amended Form S-1 filings to the Securities and Exchange Commission on June 22, 2026, marking the second revision since its initial filing in January. Currently, the lowest fee for an Ether ETF is 0.15% from Grayscale, while Franklin Templeton offers the lowest Solana ETF fee at 0.19%.
Morgan Stanley aims to leverage low fees to penetrate the competitive spot crypto ETF market, where companies like BlackRock and Fidelity have dominated. Following the launch of its Bitcoin ETF in April, which also features a fee of 0.14%, the firm reported first-day inflows of $30.6 million, accumulating a total of $331 million in inflows to date.
For the new ETFs, Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada will handle staking services, with a 5% fee applied to rewards. The Ethereum ETF will be named the Morgan Stanley Ethereum Trust.