Bitwise updated its Solana ETF filing to add staking and a 0.20% annual fee, positioning the Bitwise Solana Staking ETF (BSOL) as a low-cost competitor in the emerging Solana staking ETF market while awaiting SEC approval amid regulatory delays.
Bitwise adds staking and a 0.20% fee to its Solana ETF filing.
Analysts call the fee aggressive and designed to attract inflows against incumbent issuers.
SEC delays from a U.S. government shutdown may postpone final approvals for Solana ETFs.
Bitwise Solana ETF updates include staking and a 0.20% fee; monitor SEC timing and competitive fee pressure — read the latest analysis.
What is Bitwise’s Solana ETF update?
Bitwise’s Solana ETF update adds staking capability and sets a 0.20% annual management fee for the proposed Bitwise Solana Staking ETF (BSOL). The amendment is the firm’s fifth revision to its SEC filing and aims to improve yield and competitiveness while regulatory approval remains pending.
How does staking work in the Bitwise Solana Staking ETF?
The filing lists custody and staking providers to handle delegated staking and re-staking activities. Bitwise names Coinbase Custody as the staking custodian and Attestant as the staking and delegated staking provider, enabling the fund to capture staking rewards on Solana holdings while operating under ETF governance.
Why is the 0.20% fee significant?
At 0.20%, Bitwise’s fee is positioned near the lower end of recent crypto ETF fees, matching many Bitcoin and Ethereum ETF rates approved earlier. Analysts view the low fee as a direct competitive tactic to attract early assets and market share from higher-fee entrants.
Frequently Asked Questions
Will Bitwise’s Solana ETF include staking rewards distribution?
Yes. The proposed BSOL structure incorporates staking operations via designated providers; staking rewards are expected to accrue to the fund in line with its stated policies and custodian arrangements.
When could the SEC decide on Solana staking ETFs?
SEC timing is uncertain due to recent operational slowdowns tied to a U.S. government shutdown. Analysts previously expected approvals by mid-October, but dates now depend on the regulator resuming full operations.
How does Bitwise’s fee compare with other Solana and crypto ETFs?
Comparative fee data shows Bitwise’s 0.20% is materially lower than some existing Solana staking products and in line with top crypto ETF fee bands.
| Fund | Staking | Fee (annual) | Day-one inflows |
|---|---|---|---|
| Bitwise Solana Staking ETF (proposed) | Yes | 0.20% | — |
| REX-Osprey SSK (launched) | Yes | 0.75% | $12M |
| Bitcoin/Ethereum ETFs (reference) | No (spot exposure) | 0.15%–0.25% | Varies |
What are analysts saying about the move?
Market analysts noted the fee is an aggressive competitive play. Bloomberg senior ETF analyst Eric Balchunas called the 0.20% starting fee unexpectedly aggressive. ETF analyst James Seyffart described the move as slashing fees to attract investors, a tactic that has historically driven inflows into low-cost ETFs.
How might SEC operational delays affect approvals?
Regulatory delays tied to a U.S. government shutdown have slowed the SEC’s review calendar. The agency’s contingency operations have deferred several ETF decisions; issuers may be asked to maintain filings under Generic Listing Standards to keep applications active.
How to evaluate a Solana staking ETF (step-by-step)
- Check fee structure: Compare management fees and temporary waivers.
- Review staking providers: Confirm custodians and delegated staking partners and their track records.
- Assess tracking and custody: Evaluate how the fund tracks Solana and safeguards assets.
- Monitor regulatory status: Track SEC notices and contingency impacts on approval timelines.
Key Takeaways
- Fee leadership: Bitwise proposes a competitive 0.20% fee to capture market share.
- Staking integration: The amendment adds staking with named custodians and providers to enable rewards capture.
- Regulatory timing: SEC operational delays may push approval timelines beyond earlier expectations.
Conclusion
Bitwise’s updated Solana ETF filing combines staking capability with a low 0.20% fee to create a competitively priced staking product. Analysts view the move as a deliberate effort to attract assets, but final outcomes depend on SEC timing and market reception. Watch regulatory notices and fund filings for updates.