Which bank filed ETH ETFs?

TLDR

Morgan Stanley filed for spot Ethereum (ETH) ETFs in the U.S., via the Morgan Stanley Ethereum Trust registration with the SEC.

1. The filing is an S-1 for Morgan Stanley Ethereum Trust, seeking regulated ETH exposure with staking.
2. The trust plans to stake a portion of ETH holdings, reflecting rewards in NAV rather than cash dividends per the filing.
3. It follows Morgan Stanleys filings for Bitcoin and Solana ETFs earlier in the week as reported.

Deep Dive

1. Filing Details

Morgan Stanley submitted an S-1 to create the Morgan Stanley Ethereum Trust, a spot ETF that directly holds ETH to track its price in a regulated wrapper as covered.

Key operational specifics like listing venue, ticker, and custodian were not disclosed in initial reporting, consistent with early-stage ETF filings noted here.

2. Staking Design

The proposal includes staking a portion of the funds ETH via third-party providers, with rewards added to the trusts assets (raising NAV) rather than paid out as cash dividends per the filing summary.

This adds a yield component to a spot ETH ETF, aligning with emerging structures that reflect staking returns inside the product outlined.

3. Institutional Context

The ETH ETF filing came alongside Morgan Stanleys new Bitcoin and Solana ETF registrations, signaling a broadening crypto lineup from a major U.S. bank reported.

Separate coverage highlights renewed institutional flows into existing spot ETH ETFs to start 2026, framing the filing within a rising institutional participation trend summarized.

Conclusion

A major U.S. bank, Morgan Stanley, has formally moved to offer spot ETH exposure through a proposed ETF with staking features. If approved, it could deepen institutional access to Ethereum and further integrate crypto exposure into mainstream portfolios, with yield captured via staking reflected in NAV rather than cash payouts.