Morgan Stanley is set to make a bold move into the digital asset market. The banking giant just slashed its proposed fees for upcoming spot Ethereum and Solana exchange traded funds (ETFs). It is an aggressive pricing policy to out bid the market leaders and gain the attention of the cost-conscious investors.

Setting a New Fee Benchmark

While charging a fee of only 0.14% for both products, Morgan Stanley intends to offer benefits on the fruits. This strategic pricing offers a lower price than the lowest available in the market.

Currently, the Grayscale Ethereum Staking Mini ETF’s expense ratio is 0.15%. At the same time, the Franklin Solana ETF fees are at 0.19%. Morgan Stanley has lowered its rate to 0.14%, the lowest fee in the U.S. and world markets.

Anticipation Builds for SEC Approval

Wall Street analysts see these new updates as a positive sign that regulatory approval is on the way. If the SEC approves them, they will have a significant impact on the crypto market. With the listing, U.S. investors will now have access to the 11th spot Ether ETF and 7th spot Solana ETF.

The new funds will be exchanged with user-friendly tickers:

• Morgan Stanley Ethereum Trust will have MSSE tickers.
• Morgan Stanley Solana Trust will trade under the ticker MSOL.

The Staking Advantage and Market Rivalry

Morgan Stanley isn’t the sole player in the game on entry fees. The firm also unveiled an advanced staking system that benefits their investors with returns on their crypto holdings. To oversee the staking process, the bank will work with leading crypto infrastructure companies such as Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada. The funds will charge a small 5% fee on any staking rewards earned.

Morgan Stanley successfully launched the first Bitcoin ETF, which was a late entry strategy. That fund also used a 0.14% fee to pull in $30.6 million on its very first day. Since that time, the amount of money flowing into their Bitcoin product has risen to $331 million. With this proven playbook, Morgan Stanley is ready to take serious market share from established incumbents like BlackRock and Fidelity.