After the approval of the Morgan Stanley ETF, where will Solana and Ethereum prices go?

Morgan Stanley was allowed to list spot cryptocurrency ETFs, Solana and Ethereum prices are close to key technology levels

After Morgan Stanley obtained approval from Arca on the New York Stock Exchange to list two spot cryptocurrency exchange-traded funds, the prices of Solana and Ethereum are approaching key technology levels. The two proposed products will be traded under the MSOL and MSSE codes, provided that final listing requirements are met. Both funds plan to pledge some of their underlying assets and distribute most of the proceeds to investors. The approval comes as ETH and SOL try to recover from previous market weakness.

Morgan Stanley obtains ETF approval from NYSE Arca

Morgan Stanley has submitted registration documents for its spot Ethereum and Solana ETFs with the U.S. Securities and Exchange Commission. NYSE Arca has approved these products to be listed and traded under the MSSE and MSOL codes. These registration documents are automatically effective under section 12(b) of the Securities Exchange Act. However, these funds still need to obtain final certification documents to determine their official trading dates.

Morgan Stanley Investment Management will serve as the designated promoter of these products. Both ETFs have a management fee of 0.14%, making them one of the lower-cost proposed cryptocurrency funds in the U.S. market.

Ethereum and Solana ETFs include pledge function

Morgan Stanley Ethereum ETF plans to pledge 50% to 80% of its ETH position. Figment, Galaxy Blockchain and Coinbase Canada are listed as the proposed pledge service providers. According to product documentation, service providers and custodians will receive 5% of the pledge reward. The remaining awards will remain in the fund rather than be retained by Morgan Stanley Investment Management. Bank of New York Mellon and Coinbase Custody will provide custody services for the Ethereum ETF. This arrangement separates cash custody from digital asset storage, while allowing funds to derive income from their underlying ETH.

Morgan Stanley's Solana ETF plans to pledge up to 100% of its SOL position through the same service provider. Its reward distribution model will follow the structure designed for Ethereum products, with most of the pledge income distributed to the fund. Pledges help ETFs create additional returns in addition to price movements in ETH and SOL. This structure also provides regulated exposure to traditional investors without having to manage their own wallets, validators or private keys.

Ethereum price tests US$1950 resistance level

Ethereum is currently trading at around $1860 after its recent failed rebound in the $1950 to $2000 region. The blockage kept ETH below its 100-day and 200-day moving averages, which continue to limit a broader rally. The four-hour chart shows a more stable structure, with Ethereum forming higher lows above the uptrend line. Buyers defended in the area around $1750 and maintained a short-term upward pattern. A breakthrough of $1950 could allow ETH to test the $2000 supply area. If this level continues to break through, it may open the way to move towards $2400, where the previous rebound was blocked. If it fails to hold the uptrend line, Ethereum will face new selling pressure. The first support level was around $1750, followed by lower levels around $1700 and $1600.

Solana price targets US$90 after ETF approval

Solana is currently trading around $76 after trend-line support prevented recent declines. The token has risen by about 7% in the past month, although low volume suggests a decrease in activity after several active trading days. The main resistance is around $78, an area previously used as support. If a breakthrough is confirmed, it may strengthen the rebound momentum and allow SOL to target the US$90 to US$95 range. The 200-day exponential moving average is also within this target area. Achieving this level requires stronger trading volume and continued prices above the $78 breakthrough level. The Solana ETF maintained positive inflows in July, attracting nearly $12 million that month. The supply of stablecoins on the network has also reached approximately US$17 billion, indicating continued demand for dollar-linked assets.