Bitwise sets 0.20% fee for Solana staking ETF

Bitwise Asset Management announced its planned Solana staking exchange-traded fund (ETF) will charge a fee of 0.20%, in the latest salvo by the firm to undercut competitors and attract investor ￰0￱ move comes as asset managers rush to secure ￰1￱ and Exchange Commission (SEC) approval for several crypto-based ETFs, amid a volatile regulatory ￰2￱ announced Wednesday that its upcoming Solana Staking ETF will carry a 0.20% management fee—significantly lower than many ￰3￱ of the industry view this move as a well-thought-out one that will solidify Bitwise’s position ahead of other market participants in a business where being cost-effective is key to attracting fund ￰4￱ 0.20%, the proposed fee would align Bitwise’s Solana ETF with its previous Bitcoin and Ethereum ETFs , which also charge approximately the same ￰5￱ parity between digital asset classes suggests that Bitwise aims to create an investable vehicle for both institutional and retail investors in Solana, a fast-growing blockchain renowned for its scalability and low ￰6￱ it be approved, the fund may create new avenues for traditional investors to access exposure to Solana’s staking rewards without having to manage the tokens themselves, according to ￰7￱ allows holders to earn yield by supporting blockchain network operations, a hallmark that may add to the longer-term ￰8￱ competition intensifies amid SEC delays The filing, however, comes at a sensitive ￰9￱ week’s government shutdown in the ￰10￱ put several normally functioning operations at the SEC on hold, pending decisions regarding certain ￰11￱ agency’s contingency plan suggests that only a limited number of staff members are still available to address pressing issues, leaving firms with uncertainty about whether any approvals will be ￰12￱ lag is beginning to have an impact on a growing list of applications, with more than two dozen crypto-related ETF proposals awaiting ￰13￱ these are products linked to assets including Dogecoin (DOGE), Litecoin (LTC) and Solana (SOL), indicating that traditional finance has an appetite for decentralized ￰14￱ overall ETF market has been heating up since the SEC sanctioned spot Bitcoin ETFs in early 2024, and then Ethereum ETFs a few months ￰15￱ approvals, following a seminal court decision in favour of the Grayscale Investments fund, led to a shift in how regulators and supervision of digital assets is viewed in the ￰16￱ the Solana ETF is approved, it could be yet another step in that ￰17￱ the meantime, 21Shares unveiled improvements to its 21Shares Ethereum ETF product, including the introduction of staking and a one-year waiver of the sponsor ￰18￱ firm referred to the move as the natural evolution of Ethereum investment products in the U.

S. market, providing investors with exposure to yield generation that leverages a regulated ETF ￰19￱ boosts its footprint in crypto finance Bitwise’s low fee is the latest move in a series of strategic efforts that solidify Bitwise’s position as a leading industry player among crypto index providers and ETF ￰20￱ firm, based in San Francisco, has been a vocal advocate for clear regulatory frameworks and user-friendly products that help bridge the gap between digital assets and traditional ￰21￱ charging one of the lowest fees among digital asset ETFs, Bitwise is betting on ￰22￱ could be a successful play if more institutional investors, financial advisors and retail traders ultimately want broad crypto exposure when the SEC leaves the ￰23￱ hurdles remain, but investors continue to be enthusiastic about the growth of Solana’s network and its staking ￰24￱ approved, the Bitwise Solana Staking ETF would be a bellwether product for crypto-curious investors seeking to enter the market through traditional, regulated ￰25￱ seen where it ￰26￱ in Cryptopolitan Research and reach crypto’s sharpest investors and builders.