Morgan Stanley Files Amended S-1 For Ethereum & Solana ETF
Ethereum Morgan Stanley Files Amended S-1 For Ethereum & Solana ETF Morgan Stanley has submitted revised S-1 registration statements to the U.S. Securities and Exchange Commission for two proposed crypto ETFs. The Wall Street giant just amended its application for Ethereum and Solana ETFs. Morgan Stanley Submits Amended S-1 For Ethereum, Solana ETF The filings are for Morgan Stanleys Ethereum Trust and Solana Trust. In the modified filings, Morgan Stanley noted that the proposed ticker for the Ethereum ETF is MSSE. Meanwhile, the proposed ticker for the Solana product is MSOL. It aims to mirror its launch of a spot Bitcoin ETF in April. The two submissions were made on May 20. The documents describe the structure of the trusts and the creation and redemption of shares by means of authorized participants. The filings also contain language relating to staking that is associated with the underlying assets of the trusts. The trust will follow spot Ethereum price and use a share of the ETH that is held on the vehicle for staking, according to the Ethereum filing. According to the filing, the trust is not an active investment entity. Thus, it will not aim to earn a profit besides following the ETH price and the rewards