Morgan Stanley has resubmitted a spot Solana ETF utility that may maintain and stake SOL under the ticker MSOL, extending the financial institution’s push deeper into U.S. crypto exchange-traded merchandise.
Abstract
- Morgan Stanley’s revised S-1 says the belief will maintain SOL straight and mirror staking rewards in web asset worth.
- The submitting locations Solana alongside the financial institution’s increasing crypto ETF lineup, together with its just lately launched MSBT Bitcoin ETF.
- Solana was priced at $84.91 on crypto.information on the time of reporting.
Morgan Stanley has filed a revised registration assertion for a spot Solana (SOL) exchange-traded fund, a product that may commerce under the ticker MSOL and maintain SOL straight whereas staking a part of the fund’s belongings by means of third-party suppliers. The submitting reveals the financial institution shouldn’t be merely looking for passive value publicity however desires staking rewards to accrue contained in the product itself, a construction that might differentiate it from less complicated spot autos.
The fund is formally structured because the Morgan Stanley Solana Belief, and the preliminary prospectus says its funding goal is to trace the efficiency of SOL in U.S. {dollars}, adjusted for bills and liabilities, whereas additionally reflecting rewards from staking a portion of the belief’s SOL. The identical submitting says the sponsor plans to decide on staking suppliers primarily based on “efficiency, reliability, and popularity,” together with “uptime and slashing historical past.”
Morgan Stanley’s earlier crypto ETF enlargement offers the submitting broader significance. In a earlier crypto.information story, the financial institution’s transfer into Bitcoin and Solana ETFs was described as proof that digital belongings had gone “from compliance headache to boardroom technique” as regulatory guardrails tightened.
Submitting particulars
The prospectus states that the belief is a passive funding car and “won’t make the most of leverage, derivatives or any comparable preparations” in pursuing its goal. It additionally says the belief intends to carry SOL in custody with regulated third-party custodians and should distribute staking rewards no less than quarterly when required under present Inner Income Service steerage.
Morgan Stanley’s language is unusually express about why traders may need the construction. The submitting says the belief is supposed to supply entry to SOL “by means of a standard brokerage account with out the potential obstacles to entry or dangers concerned with holding or transferring SOL straight.” That’s the pitch in plain English: publicity with out non-public keys, wallets, or direct on-chain dealing with.
The submitting additionally features a notable market knowledge level. As of Dec. 20, 2025, SOL had a complete market capitalization of about $70.54 billion and ranked because the seventh-largest digital asset by market capitalization, in response to CoinMarketCap knowledge cited within the prospectus.
Broader push
The Solana submitting follows Morgan Stanley’s broader push into crypto-linked merchandise. One other crypto.information story reported that the financial institution’s spot Bitcoin ETF, MSBT, was set to start buying and selling on NYSE Arca on April 8 with a 0.14% payment, getting into a market the place BlackRock’s IBIT and Constancy’s FBTC had already pulled in additional than $74.3 billion in web inflows since launch.
That issues as a result of MSOL shouldn’t be an remoted submitting however a part of a coordinated buildout throughout spot crypto merchandise. Crypto.information additionally reported in one other story that Morgan Stanley had expanded crypto funding entry throughout all purchasers and account sorts, reinforcing the concept the financial institution now sees digital belongings as a mainstream wealth product fairly than a distinct segment different.
On the time mirrored on crypto.information pricing pages, Bitcoin (BTC) traded at $77,450.00 and Ethereum (ETH) at $2,130.03, whereas Solana modified fingers at $84.91. If accepted, MSOL would give Morgan Stanley a direct approach to package deal that Solana publicity right into a regulated, exchange-traded wrapper constructed for conventional traders.
