Bitwise sets Solana Staking ETF fee at 0.2%, lower than market expectations

ChainCatcher reported that, according to market sources, a registration statement amendment filed by Bitwise Asset Management on Wednesday shows that its Solana staking exchange-traded fund (ETF) will charge a 0.2% fee, which is lower than market expectations. Bloomberg Senior ETF Analyst Eric Balchunas commented: "Bitwise is not hesitating, planning to charge only a 0.2% fee for its spot Solana ETF. Low fees have an almost perfect track record in attracting investors." This rate is comparable to the bitcoin ETF and ethereum ETF rates approved by the SEC last year. On the same day, 21Shares announced that it would introduce staking functionality for its ethereum ETF and offer a one-year sponsor fee waiver. However, due to the U.S. government shutdown, the SEC is currently only handling urgent matters, and the approval of several crypto ETFs has been temporarily put on hold.