Bitwise sets Solana staking ETF fee at 0.20%
Uk Jin
Summary
- Bitwise said it has set the fee for a Solana (SOL) staking ETF at 0.20%.
- The fee is at the same level as when spot Bitcoin (BTC) and Ethereum (ETH) ETFs were approved.
- Eric Balchunas, senior ETF analyst at Bloomberg, said the low fee is a positive signal for investor inflows.
Bitwise has set the fee for a Solana (SOL) staking exchange-traded fund (ETF) at 0.20%.
On the 8th (local time), according to The Block, Bitwise specified the fee in an amended registration filing submitted that day to the U.S. Securities and Exchange Commission (SEC). This is the same level as when spot Bitcoin (BTC) and Ethereum (ETH) ETFs were approved.
Eric Balchunas, senior ETF analyst at Bloomberg, said, "Bitwise is taking this seriously," and "Such a low fee is a positive signal for investor inflows."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
