Morgan Stanley files for low-fee Solana ETF as SBI launches tokenized fund in Japan
Stocks
Morgan Stanley has filed for a Solana spot ETF in the U.S. featuring a competitive 0.14% sponsor fee, signaling significant institutional interest in the network's infrastructure. The filing incorporates major service providers including Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada, with a structure designed to pass 95% of yield rewards to fund holders. Simultaneously, SBI Global Asset Management has launched Japan’s first tokenized equity fund on the Solana blockchain, targeting institutional and accredited investors with a high-dividend strategy. These developments represent a major expansion of institutional-grade financial products built on Solana, bridging traditional wealth management with on-chain assets. Despite these milestones, the native SOL token remains at a 2.5-year low, reflecting a broader risk-off sentiment in the market. Current prediction market data indicates only a 9% probability of SOL reaching $90 by August 2026, suggesting that institutional adoption has not yet translated into immediate price appreciation. The success of these initiatives will depend heavily on SEC regulatory approval for the ETF and the long-term performance of the SBI-JX tokenized fund.
Key points
- ▸Morgan Stanley filed for a Solana spot ETF with a 0.14% sponsor fee.
- ▸SBI Global Asset Management launched Japan’s first tokenized equity fund on Solana.
- ▸The Morgan Stanley ETF structure passes 95% of yield rewards to fund holders.
- ▸Prediction markets assign a 9% probability for SOL to reach $90 by August 2026.
Background
SBI Global Asset Management is the investment arm of the Japanese financial services giant SBI Group, which has been a pioneer in integrating blockchain technology into traditional finance. Tokenized equity funds allow investors to gain exposure to traditional stock portfolios through blockchain-based tokens, which can offer increased transparency, faster settlement times, and lower administrative costs compared to traditional mutual funds.
Relevance
7.5/10