Morgan Stanley Solana Trust said Sally Diffley resigned as Chief Financial Officer of Morgan Stanley Investment Management Inc., the Trust’s delegated sponsor, on October 30, 2026. Swapnil Parab is appointed Chief Financial Officer of the delegated sponsor effective November 4, 2026, succeeding Diffley.
Parab is Head of Financial Planning and Analysis for Morgan Stanley Investment Management. He joined Morgan Stanley’s Finance Division in 2009 and previously served as Head of Valuation Control for the Firm’s Fixed Income business within the Institutional Securities segment and for the Wealth and Investment Management segments. He holds an MBA from London Business School and a Bachelor of Technology degree in Electronics and Communications Engineering from the National Institute of Technology, India.
Morgan Stanley Solana Trust said its Delegated Sponsor, Morgan Stanley Investment Management Inc., announced that Craig Abruzzo would become Co-Chief Operating Officer and a director of the Delegated Sponsor, effective October 1, 2026. Abruzzo also serves as a Managing Director of the Delegated Sponsor. His previous Morgan Stanley roles included global Head of Enterprise Controls, global co-head of Foreign Exchange and Emerging Markets in the Fixed Income Division, and global head of the Futures and Derivatives Clearing business.
Morgan Stanley Solana Trust (MSOL) reported that Kaushik Goswami notified Morgan Stanley Investment Management Inc., the Delegated Sponsor of the Trust, of his intention to resign from his position as a director of the Delegated Sponsor, effective August 19, 2026.
The Trust itself remains in place, with Morgan Stanley Investment Management Inc. continuing to act as Delegated Sponsor. The filing does not describe any change to the Trust’s securities, which continue to trade as Common Shares of Beneficial Interest under the symbol MSOL on NYSE Arca, Inc.
Morgan Stanley Solana Trust (MSOL) is a grantor‑trust ETF that continuously offers common shares of beneficial interest, expected to trade on NYSE Arca under “MSOL.” The Trust seeks to track the price of SOL using the CoinDesk Solana Benchmark 4PM NY Settlement Rate, adjusted for expenses and liabilities, and to reflect rewards from staking a portion of its SOL.
The Trust holds SOL directly, custodied by The Bank of New York Mellon and Coinbase Custody Trust Company, LLC, without leverage or derivatives. Creation and redemption occur only in 10,000‑share Baskets via Authorized Participants, in cash or in‑kind, using SOL counterparties for conversions.
The Delegated Sponsor, Morgan Stanley Investment Management Inc., charges a 0.14% annual unitary fee and intends to stake up to 100% of the Trust’s SOL through third‑party validators, with custodians and staking providers retaining 5% of staking rewards. Net rewards accrete to NAV and are intended to be distributed in cash monthly (at least quarterly) by selling SOL. The Trust is not registered under the 1940 Act, the Delegated Sponsor is not an Advisers Act investment adviser, and the Shares are described as speculative, high‑risk securities. An initial seed creation of 50,000 Shares is expected to provide about $1 million in proceeds to purchase SOL.