Morgan Stanley lowers fees in amended ETH and SOL ETF filings

Morgan Stanley amended filings for proposed Ethereum and Solana exchange-traded funds and updated the funds' prospectuses filed with the Securities and Exchange Commission. The amended documents include explicit fee schedules the firm describes as the lowest available for comparable products.

The revised prospectuses set out the management and operational fees investors would pay if the funds are approved and launched. The filings provide specific expense figures and investor-facing terms that would apply once the ETFs begin trading.

The documents include standard ETF disclosures on fund structure, investor eligibility and share creation and redemption processes, with the fee table added to clarify costs and the funds' operating framework. The filings were submitted as formal updates to the funds' registration statements and prospectuses.

The filings remain under review by the SEC and do not constitute approval for listing or trading. If the agency completes its review and clears the registrations, the ETFs would be eligible to list on an exchange and begin accepting investor inflows under the disclosed terms.

The updated fee disclosures arrive as multiple asset managers prepare crypto-focused ETF proposals and file detailed registration statements with the SEC. Fee levels and expense structures are standard points of comparison among prospective funds and are included so investors can assess costs before investing.

Exchange-traded fund registrations require prospectuses that list fees, risks and operational details. The SEC review process often involves follow-up questions and additional amendments before a final approval or denial is issued.