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Bitwise and 21Shares Add Staking, Slash Fees in Latest Solana and Ethereum ETF Filings
Yahoo Financeยท 2025-10-09 03:30
Core Insights - Two major crypto ETF issuers, Bitwise and 21Shares, are introducing staking features to their funds in the U.S. market, following Grayscale's lead in offering staking in its Ethereum ETFs [1][4] Group 1: Bitwise Developments - Bitwise has renamed its product to "Bitwise Solana Staking ETF" and introduced a 0.20% unitary management fee, which will be waived for the first three months on the first $1 billion in assets [2] - The proposed fee of 0.20% is lower than most competing crypto ETF filings, which typically range from 0.21% to 0.25% [3] Group 2: 21Shares Enhancements - 21Shares has enhanced its Ethereum ETF (TETH) by adding staking and waiving its 0.21% sponsor fee for 12 months starting October 9 [3] - The addition of staking is seen as a natural evolution of Ethereum investment products in the U.S. market, providing investors with opportunities to earn additional income [4] Group 3: Market Implications - The introduction of staking is expected to attract institutional investors, who will be interested in how much of the staking yield will be passed to them [5] - Analysts suggest that low fees are likely to attract investors, indicating a potential for increased inflows into these ETFs [5]