Morgan Stanley Updates Solana ETF Filing To Include Staking As Institutional Interest In SOL Rises

• 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.

Solana’s price rose by 0.3% over the past 24 hours. On Stocktwits, the retail sentiment around SOL stayed in the ‘bearish’ zone, while chatter around it stayed in the ‘normal’ levels over the past day. 

Solana ETF Market Continues Expanding

Institutional interest in Solana-linked investment products has increased in recent months. According to Sosovalue data, spot Solana ETFs recorded roughly $103 million in net inflows in May as of Tuesday. Additionally, US-listed spot Solana exchange-traded products held roughly $958 million in total net assets as of Tuesday, across funds including the Bitwise Solana Staking ETF (BSOL) and Grayscale Solana Trust ETF (GSOL), among others. 

Bitwise Solana Staking ETF’s price was up by 0.40% in early morning trade. On Stocktwits, the retail sentiment around BSOL remained in the ‘bearish’ zone, while chatter around it stayed in the ‘high’ levels during the past day. 

Likewise, Grayscale Solana Trust ETF’s price was also up by 0.24% during the morning trade. On Stocktwits, the retail sentiment around GSOL moved to ‘neutral’ from the ‘bullish’ zone, while chatter around it stayed in the ‘extremely high’ levels during the past day.

Even as Solana ETF inflows increase, institutional positioning around the asset has remained uneven. Goldman Sachs (GS) exited its Solana and XRP ETF positions entirely during the first quarter, despite broader institutional interest in Solana-linked products continuing to expand.

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