Back
Bitwise Updates Solana ETF Filing to Include Staking and Fee Structure

Bitwise Updates Solana ETF Filing to Include Staking and Fee Structure

Eric Balchunas notes the 30 basis points fee for spot Solana ETFs and the 28 basis points fee for staking ETFs, underscoring their competitive edge in the crypto fund market.

SOL

Fact Check
Multiple sources confirm the statement. Evidence #14 states that 'Bitwise filed and later amended applications for spot Solana ETFs, adding details on staking.' Evidence #5 also reports that Bitwise filed new amendments to its Solana ETF application in a context discussing staking. Evidence #6, covering these amended filings, refers to both 'staking' and 'cost structure,' which supports the 'fee structure' part of the claim. The evidence strongly corroborates that Bitwise updated its filing to include these elements.
    Reference: 12
Summary

Bloomberg senior ETF analyst Eric Balchunas revealed that spot Solana ETFs will carry a 30 basis points fee, with staking ETFs set at 28 basis points. He emphasized that these low fees could give Solana ETFs an edge over other funds. VanEck has updated its spot Solana ETF S-1 filing with a 0.30% management fee rate.

Terms & Concepts
  • Solana ETF: An exchange-traded fund that provides exposure to the cryptocurrency Solana, allowing investors to trade shares representing the asset without directly holding it.
  • Staking: A process in blockchain networks where participants lock up cryptocurrency to help secure the network and earn rewards.