Solana may have an edge over Ethereum in staking ETFs, says Bitwise CEO

Bitwise CEO Hunter Horsley suggests that Solana stands to outperform Ethereum in the staking exchange-traded fund (ETF) market due to its shorter unstaking period. In an interview at Token2049 in Singapore, he emphasized that Solana's quicker asset withdrawal process is critical for meeting investor needs, unlike Ethereum, which is currently burdened by high withdrawal queue times. This advantage could prove beneficial as U.S. regulators, including the SEC, are poised to make key decisions on staking ETFs in October. He noted that Ethereum's existing products leverage credit facilities to manage liquidity, but these solutions involve inherent costs and limitations. With Ethereum’s staking queue hitting record highs and long withdrawal wait times, Horsley argues Solana could attract more interest from ETF issuers. Several Solana ETF applications have been filed by prominent financial institutions, and the SEC's decisions on staking proposals are expected soon. The landscape for approval of staked ETFs is shifting, with Solana potentially emerging as the more favorable option for investors.

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