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. . .
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 HoldingsJulius AlagbeJulius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting. He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa. Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions. He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape. His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses. Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa. Julius Alagbe is based in Lagos, Nigeria.