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>>Bitwise's relatively low 0.20% fee for its Solana staking ETF suggests growing rivalry among exchange-traded fund providers.

Bitwise's relatively low 0.20% fee for its Solana staking ETF suggests growing rivalry among exchange-traded fund providers.

crypthub

about 11 hours ago

Bitwise Solana ETF Filing

Bitwise amended its filing with the SEC to launch a Solana Staking ETF, featuring a 0.20% annual management fee and incorporating staking functionality. This move aims to capture Proof-of-Stake rewards and attract investors through competitive pricing and physical backing of spot Solana. The fee places Bitwise in a mid-range compared to other crypto ETFs, typically driving inflows when combined with strong tracking.

Fee Structure & Competition

The 0.20% fee is lower than some previous Solana staking ETFs, which charged up to 0.75%. Industry analysts expect this move to trigger fee competition among other ETF issuers. Lower fees often correlate with higher inflows, especially for products with reliable tracking and spot backing.

Key Features & Investor Considerations

The ETF is 100% physically backed by spot Solana, aiming to reduce tracking errors. Staking rewards will be collected and distributed to ETF holders to improve net returns. Investors should evaluate fees, staking mechanics, and tracking quality when selecting Solana ETF exposure.