Ethereum Price Rises as Morgan Stanley Files Low-Fee Spot ETF
Ethereum (ETH) price rose by about 2% to $1,754.66, slightly outperforming the broader market rebound, primarily driven by news that a major financial firm has filed for a low-fee spot ETF.
ETH trading volume spiked by 65% amid optimism about its price recovery, with transaction value printing at $13.41 billion and market cap increasing to $210 billion on Monday.
Morgan Stanley amended its S-1 filing for a spot Ethereum Trust (MSSE), revealing a planned 0.14% annual fee that undercuts all existing US rivals.
This second amendment typically signals an imminent SEC review, boosting sentiment for regulated institutional access. The move is a direct bid to capture future ETF market share, validating ETH’s investment thesis and providing a fresh demand catalyst.
If approved, the 0.14% rate would be the lowest sponsor fee across US Ethereum and Solana ETF categories, beating out Grayscale’s Mini Ethereum Trust (ETH) at 0.15%, Franklin Templeton’s Solana ETF (SOEZ) at 0.19%, Bitwise’s Solana staking ETF (BSOL) at 0.20%, and BlackRock’s iShares Ethereum Trust (ETHA) at 0.25%.
The broader crypto market rose 1.01%, aided by reports of easing U.S.-Iran tensions and a 5% drop in oil prices, which relieved inflation fears. Concurrently, on-chain data showed a whale accumulating $14.4 million in ETH, suggesting confident buying.
ETH benefited from a risk-on shift in macro sentiment, with activity from large holders confirming the bullish move. The immediate path hinges on ETH holding the 50% Fibonacci retracement level at $1,739. If buyer momentum continues, a retest of the recent swing high at $1,777 is likely.
However, failure to hold $1,739 could see a pullback toward stronger support at $1,702. The key upcoming catalyst is regulatory progress on the Morgan Stanley and other spot Ethereum ETF applications.
The structure is cautiously bullish but remains within a broader consolidation range. A daily close above $1,777 would confirm breakout momentum. Ethereum’s gain is anchored by a tangible institutional catalyst and reinforced by improving macro conditions. Ethereum Gains 9% as Bitmine Immersion Tech. Boosts Holdings
