Which filings target SOL ETFs?

TLDR

Morgan Stanley filed S-1 registration statements for a spot Solana (SOL) ETF called the Morgan Stanley Solana Trust, alongside Bitcoin, this week per multiple reports.

1. The Solana Trust filing includes a staking feature, enabling staking rewards to accrue to NAV as reported.
2. These are S-1 registrations; listing typically requires a later 19b-4 exchange rule filing per coverage.
3. The filings target spot exposure to SOL via a passive trust structure confirmed.

Deep Dive

1. What Was Filed

Morgan Stanley submitted S-1s to the SEC for a Morgan Stanley Solana Trust (spot SOL ETF) and a Bitcoin Trust. The trusts are designed as passive vehicles that track the underlying tokens prices per Cointelegraph.

• Separate filings were made for Bitcoin and Solana products, signaling a broader digital asset push noted.
• The proposal aims to provide regulated exposure to SOL within a familiar ETF wrapper covered.

2. Staking Component

The Solana Trust includes a staking element, with rewards expected to accrete to the funds net asset value if implemented, an unusual feature among proposed spot crypto ETFs as reported.

• Staking implies the trust could earn protocol rewards, which may modestly offset expenses or tracking drift outlined.

3. Listing Path and Next Steps

S-1 registration is the disclosure step. To list shares on an exchange, a 19b-4 rule change (or generic listing standard) is typically needed and would be specified later per Cointelegraph.

• Timing and approval depend on SEC review; staking may attract additional scrutiny compared with simpler spot structures context.

Conclusion

The active filings targeting a Solana ETF are Morgan Stanleys S-1 submissions for the Morgan Stanley Solana Trust, which notably include staking. Approval still requires an exchange listing mechanism (often 19b-4), so the key watchpoint is whether the SEC greenlights spot SOL exposure and the staking design in an ETF format.