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Morgan Stanley Updates Ethereum and Solana ETF Filings, Proposing a 0.14% Fee
Svmuu News: Financial services firm Morgan Stanley filed an amended S-1 form with the U.S. Securities and Exchange Commission on Thursday, updating its applications for the “Ethereum” and “Solana ETF,” with plans to charge a 0.14% fee for both products. Currently, the Grayscale Ethereum Staking Mini ETF has the lowest fee rate among U.S. spot Ethereum ETFs at 0.15%; among spot Solana ETFs, the Franklin Solana ETF has a fee rate of 0.19%.Morgan Stanley’s latest filings also reveal that Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada will provide staking services for the two ETFs, charging a 5% staking fee on the rewards earned by each fund. The Morgan Stanley Ethereum Trust is proposed to trade under the ticker symbol MSSE, while the Morgan Stanley Solana Trust is proposed to trade under the ticker symbol MSOL. (Cointelegraph)
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