Bitwise aims to attract investors by setting a lower-than-expected management fee for its Solana staking ETF.
Crypto index fund manager Bitwise announced that it will charge a 0.20% management fee for its Solana staking-focused exchange-traded fund (ETF), a rate lower than most analysts anticipated. Bloomberg ETF analyst Eric Balchunas commented on X, saying, “Bitwise is not playing around — they plan to charge just 0.20% for their spot Solana ETF. We expected a higher rate.”
Analysts see Bitwise’s decision as a key strategic move to attract capital in an increasingly competitive ETF market. Balchunas noted that low-fee funds have a “near-perfect track record” in drawing investor inflows. The move also aligns with last year’s Bitcoin and Ethereum ETF approvals, both of which featured similar 0.20% fee structures.
However, the ongoing U.S. government shutdown has slowed the SEC’s ability to process new ETF filings, leaving only emergency operations active. On the same day, 21Shares announced that it would add staking to its U.S. Ethereum ETF and offer investors a one-year fee waiver. Bitwise’s low-fee strategy could position its Solana ETF for strong investor demand once approvals resume.
