Morgan Stanley refiles its MSOL spot Solana ETF with the SEC, adding direct SOL exposure and possible staking support.

Morgan Stanley has refiled its spot Solana ETF application with the SEC under the ticker MSOL.

The proposed fund would hold SOL directly and may stake its holdings through third-party providers.

The filing adds fresh attention to the Solana ETF race, while approval remains subject to regulatory review.

Morgan Stanley Refiles Spot Solana ETF Under MSOL

Morgan Stanley submitted an amended S-1 filing for the Morgan Stanley Solana Trust.

The preliminary prospectus is dated May 20, 2026. The trust plans to issue common shares of beneficial interest.

The shares are expected to list on NYSE Arca, if the SEC allows the registration to move ahead.

The trust would operate as an exchange-traded fund. It would seek to reflect the price of SOL.

The filing also includes standard caution for investors. It states, “The information in this Preliminary Prospectus is not complete and may be changed.”

It also says sales cannot begin until the registration statement becomes effective.

Morgan Stanley Investment Management Inc. would serve as the Delegated Sponsor.

The trust would remain passive and would not seek extra returns beyond SOL exposure. However, staking rewards may be included when allowed.

MSOL Would Hold SOL Directly and May Stake Tokens

The proposed ETF would hold SOL directly, according to the filing. It would not be a future product. It would also not be a synthetic wrapper.

The trust may stake up to 100% of its SOL holdings. It would use third-party staking providers for that process. Still, staking would depend on the sponsor’s review.

The filing says staking can occur only when legal and regulatory risks remain acceptable. It also mentions tax concerns linked to grantor trust status.

That language shows the sponsor may limit or avoid staking. This structure matters for investors watching spot crypto ETFs.

A direct SOL fund may offer easier access through traditional brokerage accounts. Yet the SEC must still review the application before any launch.

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Solana Holds Key Support as ETF Narrative Builds

SOL recently traded near $86.50, based on the market data provided. The token gained about 0.99% on the day. It also moved above short-term moving averages near $86.

This move shows mild short-term strength. However, SOL remains inside a wider descending channel. That pattern means the asset has made lower highs and lower lows.

The first support zone sits near $85 to $86. SOL must hold that area to keep its recovery active. A close below it may bring renewed selling pressure.

The next major support sits near $80. A wider support range also appears between $70 and $75. These levels may matter if sellers regain control.

On the upside, resistance stands near $100 to $107. The level near $107 remains important because it matches a higher moving average.

A clean break above that zone may improve market structure. The RSI sits near 59.82, while its signal line is near 51.39.

This shows better momentum, but it does not show overbought conditions. Buyers still need stronger volume to extend the move.