Solana ETF Race Heats Up: Morgan Stanley Adds Staking To Proposed ‘MSOL’ Fund

Spot Solana exchange-traded funds drew more than $103 million in May inflows, signaling growing demand for SOL exposure.

• Morgan Stanley updated its proposed spot Solana exchange-traded fund filing with the United States Securities and Exchange Commission, adding a staking component.
• The proposed fund, trading under ticker symbol “MSOL,” would directly hold Solana and reflect staking rewards in its net asset value.
• Goldman Sachs exited its Solana and XRP exchange-traded fund positions entirely despite rising institutional inflows into Solana-linked investment products.

Morgan Stanley (MS) submitted a revised filing with the US Securities and Exchange Commission (SEC) for its proposed spot Solana (SOL) exchange-traded fund (ETF) on Wednesday.

The updated filing showed that the proposed ETF would hold Solana directly and stake a portion of its holdings to generate on-chain rewards. According to the filing, staking income would be reflected in the fund’s net asset value, and the product is set to trade on the New York Stock Exchange (NYSE) Arca under the ticker symbol MSOL. Bloomberg ETF analyst James Seyffart first reported the updated filing, noting that it doesn't “have a fee yet.”

The revised application follows Morgan Stanley’s initial Solana ETF filing submitted in January this year. This would expand Morgan Stanley’s crypto exchange-traded funds beyond Bitcoin (BTC) and Ethereum (ETH) products as Wall Street firms push deeper into digital assets.