Morgan Stanley Files Record-Low 0.14% Fees for Ethereum and Solana ETFs
Morgan Stanley has amended registration documents for two forthcoming cryptocurrency ETFs — one tracking $ETH, one tracking $SOL — disclosing a fee rate of 0.14%. ETF analyst Eric Balchunas called the proposed charges "the cheapest in the US and world," a framing that, if it holds, puts the bank's products at the very front of the fee ladder before either fund has traded a single share.
Key takeaways
- Morgan Stanley amended registration documents for two forthcoming crypto ETFs — one tracking $ETH and one tracking $SOL — disclosing a fee rate of 0.14%.
- ETF analyst Eric Balchunas called the proposed 0.14% fee "the cheapest in [the] US and world."
- The filings are amendments signaling the products are advancing toward launch, not launch announcements, and the source gives no timeline.
- Morgan Stanley bundled $ETH and $SOL together in a single amendment rather than leading with Bitcoin.
- The 0.14% fee sets a new benchmark that every existing crypto ETF issuer must now beat or match.
Morgan Stanley has amended registration documents for two forthcoming cryptocurrency ETFs — one tracking $ETH, one tracking $SOL — disclosing a fee rate of 0.14%. ETF analyst Eric Balchunas called the proposed charges "the cheapest in [the] US and world," a framing that, if it holds, puts the bank's products at the very front of the fee ladder before either fund has traded a single share.
The Number That Defines the Filing
The 0.14% figure is the entire story of these amendments. ETF registration updates are routine paperwork; what matters is what gets written in. Morgan Stanley chose to lead with price rather than product narrative, which tells you something about how the bank reads the competitive landscape: fee pressure, not brand cachet, is the primary lever for pulling assets into new crypto wrappers.
Balchunas, whose ETF fee tracking carries real weight among institutional allocators, put the number in superlative terms. Whether that ranking survives as other issuers respond is a question the filing itself cannot answer.
What Morgan Stanley Is Actually Doing Here
Filing amendments of this kind signal that products are advancing toward launch — they are not launch announcements. No timeline appears in the source, so readers should treat these ETFs as approaching, not arrived.
The choice to wrap $ETH and $SOL together, rather than leading with Bitcoin alone, reflects where the institutional product buildout now stands. Both assets have attracted enough regulatory and custody infrastructure to make ETF vehicles commercially viable. A household-name bank attaching record-low fees to both in a single amendment is a data point worth tracking.
The Fee Race Has a New Benchmark
Every existing crypto ETF issuer now has a published number to beat or match. Fee competition in index wrappers is a decades-long ratchet in traditional markets; the same dynamic is accelerating in digital-asset products. When a major Wall Street distributor sets a floor at 0.14%, the implicit question to every competitor is whether their fee schedule is still defensible.
For holders and watchers of $ETH and $SOL, the Morgan Stanley filings add a credible, low-cost institutional vehicle to a menu that keeps expanding. The more interesting story — whether the bank attracts meaningful assets, and at whose expense — will only become readable once the funds are live and flows start printing.
Related reading
Filed by the digital assets desk of MarketPR on June 22, 2026. Source: cointelegraph.com. Indicative figures are not investment advice.