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Grayscale Updates Solana ETF Filing With 0.35% Fee, Joining Staking-Focused Push as Bitwise Sets 0.20%

SEC staffing cutbacks during the shutdown are slowing reviews, leaving launch timing uncertain.

Overview

  • Grayscale filed an amended S-1 to convert its Solana Trust into an NYSE Arca–listed ETF under ticker GSOL with a 0.35% fee and the option to stake SOL.
  • Bitwise renamed its product the Bitwise Solana Staking ETF, added explicit staking language, set a 0.20% unitary fee, and waived fees for three months or the first $1 billion in assets.
  • 21Shares updated its U.S. Ethereum ETF to include staking and suspended its 0.21% sponsor fee for 12 months beginning October 9.
  • The SEC has not approved staking features or new listings, and reduced staffing during the government shutdown is delaying routine effectiveness and listing steps.
  • Analysts note that if permitted, staking could add yields roughly in the 3–4% range for Ethereum and 7–8% for Solana, a factor that may intensify fee competition among issuers.