Morgan Stanley has resubmitted a spot Solana ETF application that would hold and stake SOL under the ticker MSOL, extending the bank’s push deeper into U.S. crypto exchange-traded products.
Summary
- Morgan Stanley’s revised S-1 says the trust will hold SOL directly and reflect staking rewards in net asset value.
- The filing places Solana alongside the bank’s expanding crypto ETF lineup, including its recently launched MSBT Bitcoin ETF.
- Solana was priced at $84.91 on crypto.news at the time of reporting.
Morgan Stanley has filed a revised registration statement for a spot Solana (SOL) exchange-traded fund, a product that would trade under the ticker MSOL and hold SOL directly while staking part of the fund’s assets through third-party providers. The filing shows the bank is not merely seeking passive price exposure but wants staking rewards to accrue inside the product itself, a structure that could differentiate it from simpler spot vehicles.
The fund is formally structured as the Morgan Stanley Solana Trust, and the preliminary prospectus says its investment objective is to track the performance of SOL in U.S. dollars, adjusted for expenses and liabilities, while also reflecting rewards from staking a portion of the trust’s SOL. The same filing says the sponsor plans to choose staking providers based on “performance, reliability, and reputation,” including “uptime and slashing history.”
Morgan Stanley’s earlier crypto ETF expansion gives the filing broader significance. In a previous crypto.news story, the bank’s move into Bitcoin and Solana ETFs was described as evidence that digital assets had gone “from compliance headache to boardroom strategy” as regulatory guardrails tightened.
Filing details
The prospectus states that the trust is a passive investment vehicle and “will not utilize leverage, derivatives or any similar arrangements” in pursuing its objective. It also says the trust intends to hold SOL in custody with regulated third-party custodians and may distribute staking rewards at least quarterly when required under current Internal Revenue Service guidance.
Morgan Stanley’s language is unusually explicit about why investors might want the structure. The filing says the trust is meant to provide access to SOL “through a traditional brokerage account without the potential barriers to entry or risks involved with holding or transferring SOL directly.” That is the pitch in plain English: exposure without private keys, wallets, or direct on-chain handling.
The filing also includes a notable market data point. As of Dec. 20, 2025, SOL had a total market capitalization of about $70.54 billion and ranked as the seventh-largest digital asset by market capitalization, according to CoinMarketCap data cited in the prospectus.
Broader push
The Solana filing follows Morgan Stanley’s broader push into crypto-linked products. Another crypto.news story reported that the bank’s spot Bitcoin ETF, MSBT, was set to begin trading on NYSE Arca on April 8 with a 0.14% fee, entering a market where BlackRock’s IBIT and Fidelity’s FBTC had already pulled in more than $74.3 billion in net inflows since launch.
That matters because MSOL is not an isolated filing but part of a coordinated buildout across spot crypto products. Crypto.news also reported in another story that Morgan Stanley had expanded crypto investment access across all clients and account types, reinforcing the idea that the bank now sees digital assets as a mainstream wealth product rather than a niche alternative.
At the time reflected on crypto.news pricing pages, Bitcoin (BTC) traded at $77,450.00 and Ethereum (ETH) at $2,130.03, while Solana changed hands at $84.91. If approved, MSOL would give Morgan Stanley a direct way to package that Solana exposure into a regulated, exchange-traded wrapper built for traditional investors.
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