Bitwise Solana Staking ETF: Low-Fee 0.20% Fund Set to Attract Early Investors

Sean Williams
SOLANA

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  • Low 0.20% fee aims to attract early investors.
  • Partnerships with Coinbase Custody and Attestant ensure readiness.
  • SEC approval pending, final decision by October 16.

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Bitwise has filed an amendment to its registration statement for the Solana Staking ETF, revealing a 0.20% management fee, lower than industry expectations. This move signals a competitive strategy as the SEC reviews multiple crypto ETF applications. Early investors could benefit from waived fees for the first three months—or until the fund reaches $1 billion in assets—further boosting its appeal.

ETF Structure and Key Partners

The proposed fund will trade under the ticker “BSOL” on the CBOE BZX Exchange once approved. Bitwise has partnered with Attestant as its staking provider, while Coinbase Custody will manage staking custody. Legal and financial frameworks are in place with Chapman and Cutler LLP handling legal counsel, Fenwick & West LLP managing tax matters, and KPMG acting as the accounting firm. Analysts view these arrangements as a sign that Bitwise is ready for launch pending regulatory approval.

Regulatory Delays Impact Timeline

Approval of the Solana Staking ETF has been slowed by the ongoing U.S. government shutdown, leaving the SEC with reduced staff and longer timelines for crypto ETF reviews. The final SEC decision deadline is October 16, though approval could come sooner or be combined with other pending Solana ETF filings. Delays also affect other crypto ETFs, including applications for Litecoin and Dogecoin-based funds.

Also Read: Solana Could Be the Next Wall Street Blockchain, Says Bitwise CIO

Market Reaction and Investor Outlook

Solana’s price has risen over 4% in the past 24 hours, reaching approximately $227.83, although trading volume dropped 27%, suggesting cautious investor sentiment. Analysts anticipate that a low-fee staking ETF could encourage institutional adoption of Solana, marking a notable step in bringing staking-based digital assets into mainstream investment products.

Bitwise’s Solana Staking ETF stands out for its low fees, strategic partnerships, and market readiness. If approved, it could reshape institutional interest in staking-based crypto investments and set a new standard for competing funds.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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