Overview
- Morgan Stanley amended S-1 registration statements on June 18, 2026 to add a staking framework for its proposed Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL).
- The filings set a 0.14% annual unitary management fee and state that 95% of staking rewards would remain in the trusts for investors while 5% would go to custodians and staking service providers.
- The Ethereum filing names specific custodians and providers including Figment, Galaxy Blockchain Infrastructure, Coinbase Canada, Coinbase Custody and BNY Mellon and explains that third parties will operate validators for the funds.
- Morgan Stanley disclosed network and operational risks, saying about 3.64 million ETH sat in the validator activation queue as of a May 18 snapshot and estimating roughly a 63-day wait for newly staked ETH to begin earning rewards, plus risks from validator performance and slashing penalties.
- The amendments remain under review by the SEC and NYSE Arca with no launch date set, and the move underscores a broader push by asset managers to offer yield-bearing, regulated crypto products for wealth and institutional clients.