CoinTelegraph
Morgan Stanley has amended its S-1 filings for proposed spot Ether and Solana ETFs, naming Coinbase as custodian and staking facilitator across both products. The move places the Wall Street giant among a growing list of issuers chasing altcoin ETF approvals, and makes Morgan Stanley the highest-profile traditional asset manager to wire staking into its crypto fund structure.
Why it matters
Solana ETFs have been a 2025 filing theme, but most proposals so far have come from crypto-native issuers. A spot SOL product from Morgan Stanley changes the institutional gravity around the file, and pairing it with a spot ETH fund under a single S-1 amendment signals the firm intends to launch both together rather than sequence them.
Market impact
Coinbase securing custody on both products reinforces its grip on the institutional rails of US-listed crypto funds, a position it built through its spot Bitcoin and Ethereum ETF work. Embedding staking services into the ETF wrapper itself, rather than a separate yield product, sets a structural template rivals will likely need to match before SOL and ETH staking ETFs can compete at scale.
Frequently asked questions
-
What did Morgan Stanley file?
Morgan Stanley amended its S-1 filings for proposed spot Ether and Solana ETFs, naming Coinbase as custodian and staking facilitator on both products.
-
Why is Coinbase's role important?
Coinbase provides both custody and staking services for the proposed ETFs, extending the institutional custody and staking infrastructure it built for US spot Bitcoin and Ethereum funds.
-
Is this the first Solana ETF filing from a major US bank?
It is the highest-profile traditional asset manager to file for a spot Solana ETF, pairing it with a spot Ether product in a single S-1 amendment.
-
How does staking work inside an ETF?
The amended S-1s embed staking into the ETF wrapper itself rather than offering it through a separate yield product, letting fund holders earn staking rewards through the same shares.
-
What happens next with these filings?
The SEC reviews the amended S-1s, with the staking language likely the focus. Approval would set a template for rival altcoin staking ETFs already in the pipeline.
Crypto News
CryptoSlate
WatcherGuru
WuBlockchain
CoinDesk
Lookonchain
TheBlock
Glassnode