Overview
- Bitwise’s amended filing formally names the product the Bitwise Solana Staking ETF and sets a 0.20% unitary management fee, waived for three months on the first $1 billion in assets.
- 21Shares updated its 21Shares Ethereum ETF (TETH) to include staking and is waiving its 0.21% sponsor fee for 12 months starting October 9.
- The staking feature would allow these funds to earn on‑chain rewards from securing networks like Solana and Ethereum, with proceeds flowing back into the ETFs for investors.
- The SEC’s review of crypto ETF filings is slowed by limited staffing during the federal government shutdown, delaying final approvals.
- Bloomberg’s Eric Balchunas called Bitwise’s 0.20% fee unusually low and said such pricing has a strong record of drawing investor inflows.