The firm undercuts competitors with ultra-low fees as it expands into spot crypto ETFs after strong Bitcoin fund inflows.
Morgan Stanley has filed to launch Ethereum and Solana ETFs with fees lower than existing products, aiming to challenge incumbents like BlackRock and Fidelity. Its Bitcoin ETF, which debuted in April at a 0.14% fee, attracted $30.6 million on its first day and has since amassed $331 million in total inflows, outperforming peers launched in January.
The new filings reveal staking services provided by Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada, with a 5% fee on rewards. The Ethereum ETF will trade under the ticker MSSE, while the Solana ETF will use MSOL. The move follows a strategy of aggressive pricing to gain market share in the crowded crypto ETF space.
Morgan Stanley’s Bitcoin ETF previously set a benchmark by undercutting Grayscale’s 0.15% fee on its mini Bitcoin ETF, a tactic that likely drove early demand. The firm’s late entry into the market has not hindered its ability to attract capital, positioning it as a key player in the sector.