TLDR
- Morgan Stanley’s amended MSOL filing adds fresh attention to spot Solana ETF applications in the market.
- The proposed trust would hold SOL directly, not through futures contracts or synthetic market exposure.
- The filing allows possible staking, but only after legal, tax, and regulatory risk reviews.
- NYSE Arca is expected to list the shares, subject to SEC review and approval.
- SOL price action remains tied to support near $85 and resistance around the $107 level.
Morgan Stanley has refiled its spot Solana ETF application with the SEC, based on the preliminary prospectus dated May 20, 2026. The proposed fund would trade under the ticker MSOL. It would hold SOL directly and could stake its holdings, while approval remains subject to SEC review and final registration clearance.
Morgan Stanley Refiles MSOL Plan
Morgan Stanley’s amended filing names the product the Morgan Stanley Solana Trust. The trust plans to issue common shares of beneficial interest. The shares are expected to list on NYSE Arca.
The filing describes the trust as a passive investment vehicle. It seeks to reflect the price of SOL. It may also include rewards from staking part of the trust’s SOL.
The prospectus includes clear caution for investors. It states, “The information in this Preliminary Prospectus is not complete and may be changed.” It also says the trust cannot sell shares before SEC effectiveness.
The filing adds another major name to the Solana ETF race. It also shows continued demand for regulated crypto products. However, the SEC review process remains the key step.
Direct SOL Holding and Staking Terms
The proposed fund would hold SOL directly. This separates it from futures-based crypto products. It also differs from products that use indirect exposure.
The trust could stake up to 100% of its SOL holdings. Third-party providers would handle staking services. However, staking would depend on a legal and regulatory review.
Morgan Stanley Investment Management Inc. is named as the Delegated Sponsor. The sponsor would decide whether staking creates too much risk. The filing mentions tax status as one area of review.
The document also warns that the offer is not final. It says the prospectus is “not an offer to sell these securities.” It also says it is not seeking buyers where sales are not allowed.
Solana Holds Key Support Near $86
SOL recently traded near $86.50, based on the provided market data. The token gained about 0.99% on the day. It also moved above short-term moving averages near $86.
The first support zone sits between $85 and $86. SOL needs to hold that area to keep its recovery alive. A daily close below that zone may bring sellers back.
The next support levels are near $80 and $70 to $75. On the upside, resistance sits near $100 to $107. The higher moving average near $107 remains a key level.
A clean move above $107 may improve the chart structure. After that, traders may watch $120, $131, and $138. Until then, SOL remains in a wider weak trend.
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