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Bitwise Sets 0.20% Fee for Solana Staking ETF, 21Shares Adds ETH Staking With Yearlong Waiver

SEC approvals face delays during the U.S. government shutdown.

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.