Bitwise proposes low fees for its Solana ETF

Bitwise has proposed a competitive annual fee of just 0.20% for its Solana Staking ETF, aimed at attracting investors in a crowded market. ETF analyst Eric Balchunas noted that this low fee is surprising and indicative of the intense competition among ETF issuers. The decision to set the fee this low indicates that Bitwise is planning to position itself favorably in a market that has seen aggressive pricing, particularly following the debut of spot Bitcoin ETFs earlier this year. Bitwise's updated filing with the US Securities and Exchange Commission includes staking features, placing its management fee in line with many crypto ETFs. Analysts believe that low fees are crucial for attracting investments. In comparison, the first Solana staking ETF, REX-Osprey, launched with a fee of 0.75%. Balchunas highlighted that Bitwise's offering is not just cheaper but also better measured and physically backed by Solana assets. Speculation about BlackRock's silence on entering the Solana ETF space has been noted among industry observers, creating additional intrigue in the competitive landscape.

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