Woofun AI reports that Morgan Stanley has revised the S-1 registration statements for its proposed spot Ethereum and Solana ETFs, appointing Coinbase to manage custody and facilitate staking operations. BNY Mellon is designated as the joint custodian for both trusts.

The Ethereum trust intends to stake between 50% and 80% of its ETH holdings under normal market conditions, whereas the Solana trust may stake up to 100% of its SOL, maintaining sufficient liquidity for redemptions and fees. The custodian and staking provider will share 5% of the staking rewards, with the remaining 95% allocated to the respective trusts. Both funds carry an annual sponsor fee of 0.14%, with the Ethereum product trading under the ticker MSSE and the Solana fund listed on NYSE Arca under MSOL. These applications remain pending approval from the U.S. Securities and Exchange Commission.