Morgan Stanley has updated its S-1 registration statement for a proposed spot Solana ETF. The fund plans to trade on NYSE Arca under the MSOL ticker. The filing sets a 0.14% annual management fee and includes a staking structure. SOL crypto trades near $78 as the market weighs whether the update can support a move toward $100.
Morgan Stanley also updated its Ethereum ETF documents, showing a wider expansion into regulated crypto products. The new terms give market participants a direct basis for comparing MSOL with existing products.
Morgan Stanley Moves MSOL Closer to Market
Morgan Stanley’s amended filing adds more operating details for the Solana fund. The proposal names custodial, trading, administrative, and staking arrangements. Bloomberg ETF analyst James Seyffart says the updated documents suggest a launch may be getting closer. The filing still requires regulatory effectiveness before the fund can begin trading. An amended registration statement shows progress, but it does not provide a final launch date.
MSOL would charge investors 0.14% annually. That rate places the product below several competing crypto funds. Morgan Stanley also plans to stake up to 100% of the fund’s SOL holdings.
SOL ETF Filing | Source: X
Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada would support staking operations. Service providers and custodians would receive 5% of staking rewards. The remaining rewards would stay within the fund structure after applicable costs.
Staking Adds Another Demand Channel
The proposed structure would give traditional brokerage clients direct SOL exposure through an exchange-traded product. Investors would not need to manage wallets, private keys, or validator selection. Staking rewards would also increase the fund’s asset base after service costs.
Therefore, the structure may attract investors seeking both price exposure and network yield. The administrator would calculate the fund’s value from its SOL holdings, expenses, liabilities, and accrued rewards. Approval will widen access through retirement, advisory, and brokerage accounts. Many of those channels cannot hold tokens directly or use external crypto platforms.
A launch would not guarantee an immediate SOL crypto rally. Fund demand would depend on allocations, market liquidity, and broader crypto sentiment. The amended filing may still strengthen Solana’s institutional access narrative.
Morgan Stanley already operates a large wealth-management network, which could place MSOL before a broad client base. Daily creations and redemptions could also connect ETF demand with spot-market purchases and sales.
SOL Crypto Faces a Heavy Supply Wall
SOL’s three-day chart shows a new SuperTrend buy signal. The Average True Range (ATR) trailing stop has moved below price for the first time since October 10. The previous sell signal preceded a 74% correction.
The latest shift places $96 and $121 among the next technical targets. A sustained SOL price rally still requires stronger buying near current resistance. Price must also hold above the trailing stop during any pullback.
SOLUSD 3-Day Chart | Source: X
Glassnode’s URPD data places the main supply barrier between $76 and $85. Market participants previously traded about 125 million SOL inside that range. Many holders may sell near their entry prices. A three-day close above $85 would reduce that overhead pressure. Such a move could open a route toward $100 and $127, while failure near $85 could keep SOL inside its current range.
Also, exchange reserves fell by about 100 million SOL between July 3 and July 11. Lower balances can reduce the amount available for immediate sale. Network activity has also expanded. One recent measure shows 1.6 million new addresses joining Solana within two weeks. Those trends add support to Solana's price technical recovery.
However, the bullish setup will weaken if SOL crypto loses the $70 area. A sustained break below that level could return the SuperTrend signal to bearish territory.
