Bitwise Updates Solana ETF Application
Bitwise Asset Management has updated its application to the U.S. Securities and Exchange Commission (SEC) for a Solana Exchange Traded Fund (ETF). The new version adds a staking feature and sets a 0.20% annual management fee. This aims to make the fund more competitive in the growing crypto ETF market.
The updated filing states that investors will earn staking rewards with the Bitwise Solana Staking ETF. The fund will trade under the ticker “BSOL” on the Cboe BZX Exchange. Investors will still track Solana’s price movements. Staking allows the fund to participate in Solana’s consensus mechanism, potentially increasing returns.
The 0.20% management fee matches Bitwise’s fees for its Bitcoin and Ethereum ETFs. This maintains consistent pricing across its digital asset products. The fund’s net asset value (NAV) will be based on the CME CF Solana–Dollar Reference Rate, ensuring transparent valuation.
Significance of Adding Staking to a U.S. ETF
Including staking in a U.S.-based ETF is a notable development. It meets growing demand for crypto products that generate income. By combining exposure to SOL with staking rewards, the ETF may attract both institutional and retail investors. This offers a low-cost way to enter the digital asset market.
Faster Approval Process for Crypto ETFs
Recent regulatory changes have simplified ETF approvals. In September 2025, the SEC approved new listing standards for crypto ETFs. This speeds up the approval timeline from 240 days to as little as 75 days.
The new standards remove the need for individual application reviews. This reduces delays and could accelerate the launch of Bitwise’s Solana ETF and other crypto funds.
