Morgan Stanley's Solana Trust prepares for launch after S-1 filing

The Morgan Stanley Solana Trust is awaiting imminent trading after filing an S-1 form. The new trading product will expand the range of Solana-based ETFs. 

The Morgan Stanley Solana Trust has filed an S-1 form with the US Securities and Exchange Commission, signaling imminent trading. The launch arrives after a period of significant interest for Solana-based products, which are moving closer to $1B total inflows.

In the coming weeks, the Solana ETF may also retain its zero fees as an incentive. 

The ETF is part of Morgan Stanley’s crypto friendly approach, opening up investment opportunities for all its clients since October 2025. Solana’s ETFs reflect the opportunity to draw mainstream investments into one of the most active decentralized platforms.

The new ETF joins a list of nine active funds and seven more pending launches. Morgan Stanley launched the process for a Solana ETF just as it filed for another product, the Morgan Stanley Bitcoin Trust. 

The announcement arrived as SOL joined the market-wide recovery to trade above $139. The ETF and SOL price show a strong correlation, with inflows usually coinciding with bigger gains for SOL. 

Morgan Stanley Solana Trust to offer staking

The major difference for the Solana ETF will be the immediate staking for additional passive income. The approval of another staking ETF shows trust in the Solana infrastructure. The inflow of mainstream funds will also boost the position of selected validators. Morgan Stanley may choose more than one external service provider, after

“The Trust’s staking model aims to maximize the portion of the Trust’s SOL available for staking while controlling for liquidity and redemption risks. The model determines an optimal target range for the portion of assets staked, which is set by the Sponsor and which is based on factors including lock-up periods, historical and stressed redemption activity,” explained Morgan Stanley in its filing.

There are currently no official standards on SOL staking, and the ETF will perform its own research and models. Passive staking, as well as liquid staking, offers different risk levels, and ETF issuers still have to research tax liabilities and the potential for technical or counterparty risk. 

Morgan Stanley will also take into account the unbounding period for staked SOL, as well as its investment concentration. The ETF will try to avoid staking the funds of a few larger investors, which may cause significant demand for unbounding in a short time frame. Waiting to unbound SOL may also interfere with earnings calculations, as the market remains volatile. 

BSOL leads Solana ETF

Solana ETFs have mostly seen positive inflows as a whole, adding $18.6M in the past week. Total inflows to date are at $785M. 

Bitwise’s BSOL ETF holds $638.5M, remaining the leader with almost daily purchases and no outflows. In total, ETF and treasury companies taken together hold $3.86B in SOL tokens, the equivalent of 28.4M SOL. A total of 11.28M SOL is staked, achieving 7.7% average annualized yield. 

Claim your free seat in an exclusive crypto trading community - limited to 1,000 members.