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

ChainCatcher news, according to market news, the registration statement amendment submitted by Bitwise Asset Management on Wednesday shows that its Solana staking exchange-traded fund (ETF) will charge a fee of 0.2%, lower than market expectations. Bloomberg senior ETF analyst Eric Balchunas commented, "Bitwise is unhesitating, planning to charge only 0.2% for its spot Solana ETF. Low fees have an almost perfect record in attracting investors." This fee rate is comparable to the rates of the Bitcoin ETF and Ethereum ETF approved by the SEC last year. On the same day, 21Shares announced it would introduce staking features for its Ethereum ETF and offer a one-year waiver on sponsorship fees. However, due to the U.S. government shutdown, the SEC is currently only handling urgent matters, and several cryptocurrency ETF approvals have been temporarily shelved.