Morgan Stanley has resubmitted its registration statement for a spot Solana ETF that would trade under the ticker MSOL. The revised filing says the fund would hold SOL directly and stake a portion of its assets through third-party providers, with staking rewards reflected in net asset value rather than limiting the product to simple price exposure.
The vehicle is structured as the Morgan Stanley Solana Trust. Its preliminary prospectus says the investment objective is to track the performance of SOL in U.S. dollars, adjusted for expenses and liabilities, while also capturing rewards generated from staking part of the trust’s SOL holdings. The filing says the sponsor plans to select staking providers based on performance, reliability, and reputation, including metrics such as uptime and slashing history.
The prospectus rules out leverage and derivatives
The trust is described as a passive investment vehicle. The filing states that it will not use leverage, derivatives, or similar arrangements in pursuing its objective. It also says SOL would be held with regulated third-party custodians, and staking rewards could be distributed at least quarterly when required under current Internal Revenue Service guidance.
Morgan Stanley also spelled out the investor case in unusually direct language. The filing says the trust is designed to offer SOL exposure through a traditional brokerage account, without the barriers and risks tied to holding or transferring SOL directly. No wallets. No private keys. No direct on-chain handling for the investor.
Filing includes market-cap data on Solana
The prospectus cites CoinMarketCap data showing that, 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 cap. At the time of reporting on crypto.news, Solana was priced at $84.91.
The refiling also sits inside Morgan Stanley’s broader crypto ETF expansion. Earlier coverage said the bank’s spot Bitcoin ETF, MSBT, was set to begin trading on NYSE Arca on April 8 with a 0.14% fee. That report also noted that BlackRock’s IBIT and Fidelity’s FBTC had attracted more than $74.3 billion in net inflows since launch.
Part of a larger crypto product buildout
On that basis, MSOL does not appear to be a standalone filing. It fits into a wider push across spot crypto products at Morgan Stanley. Another report said the bank had expanded access to crypto investments across all clients and account types, showing that digital assets are now being packaged as a mainstream wealth product inside the firm’s platform.
On crypto.news pricing pages at the time referenced in the story, Bitcoin traded at $77,450.00, Ethereum at $2,130.03, and Solana at $84.91. If approved, MSOL would give Morgan Stanley a regulated exchange-traded wrapper for direct Solana exposure aimed at traditional investors.