Bitwise Sets Ultra-Low 0.20% Fee for Solana Staking ETF as Crypto Fund Race Heats Up

Crypto asset manager Bitwise has revealed a 0.20% management fee for its upcoming Solana Staking Exchange-Traded Fund (ETF) — a move that’s catching attention across the investment world for its aggressive pricing. The announcement comes as multiple firms await U.S. Securities and Exchange Commission (SEC) approval for a wave of crypto-based ETFs.

In an amendment filed Wednesday to its registration statement, Bitwise confirmed the 0.20% fee for the Solana ETF, which one analyst described as surprisingly low. Bloomberg Senior ETF Analyst Eric Balchunas commented on X (formerly Twitter), “Bitwise not playing around, plans to charge just 0.20% for their spot Solana ETF. Thought we’d see higher first, need war to get this low.”

Balchunas added that low fees have a strong track record of attracting investors, calling the pricing a positive signal for potential fund inflows.

The 0.20% rate puts Bitwise’s product in line with recently approved Bitcoin and Ethereum ETFs, which entered the market last year with similar fees after gaining the SEC’s green light. Those approvals followed a landmark court ruling in favor of Grayscale, paving the way for broader acceptance of digital asset ETFs.

However, the approval process for new funds — including Bitwise’s Solana ETF — may face delays. Following last week’s U.S. government shutdown, the SEC has been operating with limited staff under an emergency plan, which could temporarily slow down the review of pending crypto ETF applications.

Meanwhile, 21Shares also made headlines this week by announcing plans to introduce staking features to its 21Shares Ethereum ETF, along with a one-year sponsor fee waiver. The firm said the update “represents the natural evolution of Ethereum investment products in the U.S. market,” giving investors exposure to potential yield opportunities from Ethereum’s staking model.