🚀 Morgan Stanley filed for Ethereum and Solana ETFs at a 0.14% fee — and just started a price war

Morgan Stanley filed for two new crypto ETF products — the Morgan Stanley Ethereum Trust (ticker MSSE) and the Morgan Stanley Solana Trust (ticker MSOL) — both charging a 0.14% annual sponsor fee. Competing Ethereum ETFs from BlackRock and Fidelity charge 0.19% to 0.25%, meaning Morgan Stanley just undercut the entire existing field on day one of filing. The firm's distribution reach across registered investment advisers and wealth management clients is the real weapon here — if RIAs and institutional allocators can access $ETH and $SOL exposure at lower cost through a Morgan Stanley product they already have relationships with, the flow dynamics could shift significantly away from first-mover products. $SOL climbed 4.45% to $71.53 on the day the filing dropped, with on-chain data confirming a $16.5 million whale buy of 234,900 SOL within a three-hour window.