Techub News reported that Morgan Stanley has submitted amendments to the U.S. SEC for its spot Ethereum and Solana ETF applications, formally adding staking provisions to the filings. The revised documents cover the allocation of staking rewards, the management fee structure, custody arrangements, and disclosed information related to the Ethereum validator queue.
Staking reward allocation added to the S-1 filings
According to the amended S-1 documents, the two funds would apply the same framework for staking rewards. The Ethereum spot ETF and the Solana spot ETF would each retain 95% of staking rewards within the fund, while the remaining 5% would be paid to staking service providers.
The filings also state that the sponsor would charge only a 0.14% annualized management fee. With these amendments, the fund-level retention of staking rewards, the compensation paid to staking service providers, and the sponsor’s annual management fee are all listed together in the application materials.
Ethereum validator queue and custody structure
The application documents disclose that, as of May 18, 2026, the Ethereum validator waiting queue contained approximately 3.64 million ETH. New stakers would need to wait up to about 63 days before receiving rewards. The filings also warn that validator misconduct could result in assets being slashed, a risk directly tied to participation in staking.
For custody, the documents name Bank of New York Mellon, or BNY, and Coinbase Custody Trust as the designated custodians. The Solana ETF uses an indirect staking method and does not set a daily staking cap. The information was reported by Techub News, citing CoinPost.