Haciyev Reşit 
Crypto index fund manager Bitwise has filed an updated version of its Solana Staking ETF with a lower-than-expected management fee. According to the new filing, Bitwise will charge a 0.20% fee, which is considered one of the lowest in the crypto ETF sector. Experts view this move as a strategic step to attract investors.
While Bitwise’s application is still under review by the U.S. Securities and Exchange Commission (SEC), it has already sparked a new wave of competition in the crypto ETF race.
Solana Staking ETF: A Next-Generation Investment Product
Bitwise’s new ETF product aims to directly reflect staking yields from the Solana network to investors. Unlike traditional ETFs that track only price movements, this product provides exposure not only to Solana’s price action but also to staking rewards, introducing a fresh model to the market.
According to crypto market analysts, this innovative approach could increase institutional interest in the Solana ecosystem. Additionally, the low-fee structure may lower the entry barrier for investors, leading to strong early demand for the fund.
Analysts’ First Reactions: “Bitwise Is Playing Seriously”
Eric Balchunas, Senior ETF Analyst at Bloomberg, described Bitwise’s decision as an “investor-friendly move.”
According to Balchunas, this fee rate aligns with the levels seen when Bitcoin and Ethereum ETFs were first approved. Last year, following Grayscale’s legal victory, the SEC gave the green light first to spot Bitcoin ETFs, and later to Ethereum ETFs.
21Shares Adds Staking Feature to Its Ethereum ETF
On the same day as Bitwise’s move, 21Shares also announced a major update to its Ethereum ETF, revealing that it has added staking support and will waive its sponsor fee for one year.
These developments indicate that staking-based ETFs are gaining increasing traction in the U.S. market. However, despite the positive momentum, SEC staffing limitations could cause delays in new ETF approvals. The U.S. government has temporarily shut down after Congress failed to reach a funding agreement.
As a result, the SEC is currently operating with a limited team handling only emergency matters. Analysts note that this situation could cause short-term delays in ETF review processes.
Bitwise’s Solana ETF Move Could Mark a New Era in Crypto Investment
Bitwise’s plan to launch a Solana Staking ETF with a low 0.20% fee could shift the balance in the highly competitive crypto ETF market. The move enhances the product’s appeal by allowing investors to benefit from both Solana’s staking rewards and its price performance.
According to experts, low-fee staking ETFs could become central to crypto investment trends throughout the remainder of 2025. Meanwhile, 21Shares’ similar move signals that this competition is only just beginning.
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