🚀 Solana ETF Inches Closer to Approval — SEC Filing Sparks Buzz! 💥
Bitwise Asset Management has updated its planned Solana exchange-traded fund (ETF) to include “Staking” in the title and announced a 0.20% unitary sponsor charge, marking one of the lowest fees for any U.S. crypto ETF! 🔥
Bloomberg’s James Seyffart highlighted the change late Wednesday:
“NEW: Bitwise files an update to their Solana ETF filing to include Staking in the name and provide the fee. Fee: 0.20%.”
Further reports revealed that there will be no fee for the first 3 months and for the first $1 billion in AUM — a bold launch strategy mirroring the fee-war tactics that propelled Bitcoin ETFs earlier this year. 💸
Bloomberg’s Eric Balchunas noted the move’s competitiveness:
“Bitwise not playing around, plans to charge just 0.20% for their spot Solana ETF.”
🟣 Solana Staking ETF Launch Date Still Unknown
The amendment signals that issuers and the SEC have likely resolved earlier issues with spot Solana ETFs involving staking — a crucial proof-of-stake element.
However, the October 1 U.S. government shutdown has slowed progress, as the SEC operates with limited staff, pausing most non-urgent reviews.
Despite delays, Bitwise’s aggressive pricing strategy shows determination to grab market share fast. A 20-basis-point fee positions the Solana Staking ETF among the cheapest crypto ETPs, aligning with the “fee-first” trend that often decides ETF success. 📈
Balchunas emphasized:
“Low fees have an almost perfect record in attracting investors.”
🔥 Other issuers in the race include:
VanEck, 21Shares, Canary: Final deadlines — Oct 16, 2025
Grayscale (Solana Trust Conversion): Oct 10, 2025
Franklin Templeton: Nov 14, 2025
Fidelity: Dec 5, 2025
Invesco Galaxy: Apr 16, 2026
The countdown to Solana’s first U.S. ETF approval is heating up fast! ⚡
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