Solana and Ethereum prices are approaching key technical levels after Morgan Stanley secured approval to list two spot crypto exchange-traded funds on NYSE Arca. The proposed products will trade under the MSOL and MSSE tickers, subject to final launch requirements. Both funds also plan to stake part of their underlying assets and distribute most rewards to investors. The approvals arrive as ETH and SOL attempt to recover from recent market weakness.
Morgan Stanley Secures NYSE Arca ETF Approval
Morgan Stanley has filed registration documents for its spot Ethereum and Solana ETFs with the U.S. Securities and Exchange Commission. NYSE Arca has approved the products for listing and trading under the MSSE and MSOL ticker symbols.
The registration filings became automatically effective under Section 12(b) of the Securities Exchange Act. However, the funds still require final certification documents that will establish their official trading dates.
Morgan Stanley Filing | Source: X
Morgan Stanley Investment Management will act as the delegated sponsor for the products. Both ETFs will carry a management fee of 0.14%, placing them among the lower-cost cryptocurrency funds proposed for the U.S. market.
Ethereum and Solana ETFs Include Staking
The Morgan Stanley Ethereum ETF plans to stake between 50% and 80% of its ETH holdings. Figment, Galaxy Blockchain and Coinbase Canada are listed among the proposed staking service providers.
Service providers and custodians will receive 5% of the staking rewards. The remaining rewards will stay with the fund rather than being retained by Morgan Stanley Investment Management, according to the product filings.
Bank of New York Mellon and Coinbase Custody will provide custody services for the Ethereum ETF. The arrangement separates cash custody from digital asset storage while allowing the fund to earn yield from its underlying ETH.
Morgan Stanley’s Solana ETF plans to stake up to 100% of its SOL holdings through the same providers. Its reward distribution model will follow the structure proposed for the Ethereum product, with most staking income allocated to the fund.
Staking could help the ETFs generate additional returns beyond changes in ETH and SOL prices. The structure also gives traditional investors regulated exposure without requiring them to manage wallets, validators or private keys.
Ethereum Price Tests $1,950 Resistance
Ethereum trades near $1,860 after its latest recovery attempt failed around the $1,950 to $2,000 region. The rejection keeps ETH below its 100-day and 200-day moving averages, which continue to limit the broader recovery.
The four-hour chart shows a more stable structure, with Ethereum forming higher lows above an ascending trend line. Buyers have defended the area around $1,750, keeping the short-term upward pattern active.
A break above $1,950 could allow ETH to test the $2,000 supply zone. A sustained move beyond that level may open the way toward $2,400, where the previous recovery stalled.
Failure to hold the rising trend line would expose Ethereum to renewed selling pressure. The first support sits near $1,750, followed by lower levels around $1,700 and $1,600.
Solana Price Targets $90 After ETF Approval
Solana trades near $76 after trend line support halted the latest decline. The token has gained about 7% over the past month, although lower trading volume shows reduced activity following several positive sessions.
The main resistance sits around $78, an area that previously acted as support. A confirmed move above that level could strengthen the recovery and allow SOL to target the $90 to $95 range.
SOLUSD 1-Day chart | Source: TradingView
The 200-day exponential moving average is also positioned within that target zone. Reaching it would require stronger trading volume and sustained buying above the $78 breakout level.
Solana ETF inflows have remained positive in July, with funds attracting close to $12 million during the month. Stablecoin supply on the network has also reached about $17 billion, showing continued demand for dollar-linked assets.
