Morgan Stanley is advancing its plans for spot ETFs on Ethereum and Solana. The major U.S. bank has submitted revised registration documents for both funds to the U.S. Securities and Exchange Commission. This is already the second amendment since the original filing in January.
The new documents show that Morgan Stanley plans to charge a fee of 0.14% for both ETFs. If the SEC gives the green light, the products would become the cheapest spot ETFs on Ethereum and Solana in the United States. For comparison, the Grayscale Mini Ethereum Trust currently charges 0.15%, while Franklin Templeton’s Solana ETF SOEZ charges 0.19%.
Ethereum benefits — but what about Solana?
The documents also contain further details about the fund structure. According to them, part of the Ethereum and Solana holdings will be used for staking. Through staking, the funds could generate additional income without giving up direct market exposure to the respective cryptocurrencies. Ethereum has already gained 2%. But can Solana benefit as well? We analyzed the situation.
Solana price: what is moving SOL now
Over the last 12–24 hours, the price moved between a high of 72.46 dollars and a low of 69.48 dollars across the last 3–6 candles. SOL is currently closing at 71.58 dollars, around 3.33 dollars above the closing price 24 hours ago of 68.25 dollars. Market capitalization stands at around 41,369,606,734 dollars. The short-term development shows a significant recovery from the lows of the previous week.
Solana is rising again
The price is trading above the EMA-20 of around 70.49 dollars and has recently formed higher highs and higher lows, signaling short-term bullish momentum. Nearby support levels are 69.48 dollars and 68.44 dollars, while resistance levels are located at 72.46 dollars and 75.28 dollars. As long as SOL remains above the EMA-20, the technical market situation remains moderately bullish.
“A phase of slightly elevated uncertainty”
The RSI (14) is around 58.12 and signals moderate upward pressure without being overbought. The histogram shows positive acceleration in upward momentum, confirming the recent price recovery.
Those looking to buy Solana and other cryptocurrencies can do so on Coinbase. The crypto exchange is currently giving all new customers 30 euros in BTC when they invest at least the same amount.
The Bollinger Band width is currently around 6.48 dollars, reflecting moderate but not extreme fluctuations. The market is in a stable consolidation phase with slightly elevated uncertainty, as the Solana price is trading near the upper band.
Solana forecast: how high SOL can rise now
Bullish scenario: breakout above 72.50 dollars
In the bullish case, Solana achieves a sustained move above the resistance zone at 72.50 dollars. Supported by an RSI above 60 and a close above the upper Bollinger Band, the upward movement could gain momentum. The next targets would be the area between 75.28 and 76.09 dollars, as well as the previous week’s high at 73.82 dollars. Additional support is provided by the EMA-20 at 70.49 dollars.
Neutral scenario: consolidation between 68.44 and 73 dollars
The most likely scenario currently remains sideways movement. The price would fluctuate between support at 68.44 dollars and resistance at 72.40–73 dollars. In this case, the RSI would remain in a neutral range between 50 and 60 points. At the same time, the price would trade near the EMA-20 and within the Bollinger Bands. As long as there is no clear move above resistance or below support, consolidation is likely to continue.
Bearish scenario: decline below 69 dollars
A break below 69 dollars would significantly worsen the chart picture. If the RSI falls below 50 points and the EMA-20 turns downward, further selling could follow. In this case, support at 68.44 dollars would come into focus first. If this area also fails, a pullback toward 66.00 dollars would be possible. The bearish scenario would lose relevance only if Solana returns sustainably above 72.50 dollars.
Conclusion:
Morgan Stanley’s proposed low-cost Solana ETF with staking could strengthen institutional interest in SOL and improve the token’s long-term investment appeal. Technically, a sustained move above 72.50 dollars may open the way toward 75.28–76.09 dollars, while a break below 69.00 dollars could increase downside pressure toward 68.44 and 66.00 dollars.
