A New Custodian and Staking Partner
Morgan Stanley has filed amendments to its spot ether and solana ETF applications, naming Coinbase as custodian and staking facilitator. This move comes as the banking giant revises its filings for the third time. The updates were filed on July 15, 2026.
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Will ETFs Get Approved?
By partnering with Coinbase, Morgan Stanley is addressing concerns around custody and staking. Coinbase's role will be to securely hold the assets and facilitate staking, allowing the ETFs to generate returns. This partnership is expected to alleviate some of the regulatory concerns surrounding the ETFs.
The decision to name Coinbase as custodian and staking facilitator is likely to be seen as a positive development by investors. It provides a level of comfort and security, as Coinbase is a well-established player in the crypto custody space.
The approval of ether and solana ETFs is still uncertain, despite the updates to the filings. Regulatory hurdles remain, and the SEC's stance on crypto ETFs is still unclear. However, with Coinbase on board, Morgan Stanley's chances of approval may have improved.
Frequently Asked Questions
The consequences of approving ether and solana ETFs could be significant, potentially opening up the market to a wider range of investors. If approved, these ETFs could provide a more accessible way for investors to gain exposure to these cryptocurrencies.
What is Morgan Stanley's role in the ETF applications? Morgan Stanley is the issuer of the spot ether and solana ETFs. It has filed amendments to its applications with the SEC. What does Coinbase's role entail? Will the ETFs be approved? The approval of the ETFs is still uncertain and subject to regulatory review.