Morgan Stanley added staking to its Ethereum and Solana ETF filings. Investors get 95% of rewards if the SEC agrees.
The amended filings show a low fee and a high reward pass-through. Whether the SEC will allow staking inside a spot crypto ETF is still open.
CryptoVibe Desk · ethereum · solana · etf
- →Morgan Stanley filed amended S-1 documents for its Ethereum and Solana ETFs. The filings add staking, keep 95% of rewards inside the trusts, and set the annual sponsor fee at 0.14%.
- →The terms are competitive for investors. The SEC has never approved staking inside a US spot crypto ETF, making regulatory approval the key unknown.
- →Watch for an SEC comment letter or formal approval on the staking structure before Q4 2026. That would set a precedent for every other spot ETH and SOL ETF filer.
- S-1 → A document filed with the US securities regulator to officially register a new investment product before it can be sold to the public.
- Staking → Locking up cryptocurrency to help run a blockchain network, earning a percentage of newly issued coins as a reward.
Morgan Stanley added staking to two ETF filings on June 18.
The amended S-1 documents cover proposed Ethereum and Solana ETFs, per crypto.news. The terms: 95% of staking rewards stay inside the trusts and the annual sponsor fee is 0.14%.
That fee is low. Most US spot Bitcoin ETFs launched in 2024 at 0.20% to 0.25%. At 0.14%, Morgan Stanley is pricing to compete.
The 95% pass-through is the number to watch. Staking rewards accumulate inside the fund. The value of each share can grow over time, even if the coin price stays flat.
If you hold an ETH or SOL ETF, that structure matters for your long-term returns.
And that's the catch: the SEC has not approved staking inside a spot crypto ETF. The amended filings put the question directly on the regulator's desk. The agency can approve, reject, or send back a comment letter asking for changes.
It is unclear from available information whether the staking terms differ between the ETH and SOL trusts.
The SEC's silence is now the story. A 95% reward pass-through would become the benchmark fast, and every ETF issuer behind Morgan Stanley would have to match it or explain why investors get less.
An SEC comment letter or formal approval on Morgan Stanley's staking structure before Q4 2026. If the agency approves the 95% pass-through, competing spot ETH and SOL ETF issuers will need to refile or defend weaker terms.
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