Bitwise Solana ETF adds staking with 0.20% fee and launch incentive

Bitwise Asset Management on Wednesday amended its U.S. registration for a Solana exchange traded fund to include staking and disclosed a unitary management fee of 0.20 percent, positioning the proposed Bitwise Solana Staking ETF as one of the lowest‑cost Solana products filed with regulators. The company said the fee will be waived for the first three months on the first 1 billion dollars in assets, a launch incentive designed to attract early inflows even as formal SEC approval remains pending.

The amended filing adds language allowing the fund to seek staking rewards by participating in Solana’s proof of stake network, a feature that issuers and some analysts say could meaningfully change the economics of crypto ETFs if the Securities and Exchange Commission approves it. Staking income for Solana is currently estimated at roughly 7 to 8 percent annually, while comparable Ethereum staking yields are in the 3 to 4 percent range. If staking proceeds are returned to ETF holders, managers say those returns could offset or exceed management fees and become a new metric for competition among funds.

Bitwise’s filing follows similar moves by other issuers. 21Shares has added staking to...