Key Takeaways
- Bitwise filed the revised prospectus for its Solana Staking ETF (BSOL), which disclosed an ultra-low management fee of 0.20%.2.
- The fund is going to forego all sponsor fees over the first three months and on the first $1 billion of the assets under management.
- The news comes on the heels of Grayscale introducing staking in its Ethereum and Solana investment products, which is an indicator of increased competition in staking-enabled ETFs.
Bitwise Asset Management has just revealed new details on its Solana exchange-traded fund (ETF), shaking the market with an aggressively low fee. On October 8, 2025, an amended Form S-1 filing was submitted wherein the firm’s product was renamed as the Bitwise Solana Staking ETF (BSOL). The ETF will charge a unitary management fee of 0.20% per year, one of the lowest in the digital asset ETF sector.
Bitwise Sets Solana Staking ETF Fee At 0.20%
In the filing with U.S. Securities and Exchange Commission (SEC), Bitwise noted that it will list the ETF on Cboe BZX Exchange under the ticker symbol BSOL. The fund will directly own Solana (SOL) and will earn further yield on the basis of staking activities. Alongside a nominal 0.20% fee, Bitwise also said that within the first three months of the business and the first $1 billion of assets under management, the sponsor fees will be waived off.
The updated S-1 filing provides that the net asset value (NAV) of the ETF will be pegged on the CME CF Solana-Dollar Reference Rate (New York Variant) determined by CF Benchmarks Ltd, a regulated benchmark provider. The valuation process combines trade information of the most prominent Solana trading exchanges to establish a proper market reference price.
Bloomberg Intelligence senior ETF analyst Eric Balchunas enthusiastically commented on the fee announcement. In a post on X, he wrote, “Bitwise not playing around, plans to charge just 0.20% for their spot Solana ETF. Thought we’d see higher first, need war to get this low. They prob figured it’s gonna end up there anyway so just do it now (veteran Terrordome move right there). Low fees have near perfect record of attracting investors so good sign for inflow potential.”
Grayscale & REX-Osprey Take the Lead in Cryro ETF Space
The updated filing by Bitwise comes after a series of movements within the asset managers to introduce staking-enabled crypto investment goods. Earlier, on Monday, Grayscale announced that it had put in place staking functionality to its Grayscale Ethereum Trust ETF (ETHE) and Grayscale Ethereum Mini Trust ETF (ETH), becoming the first U.S.-listed spot crypto exchange-traded products to include staking rewards.
Grayscale also made staking available for its Grayscale Solana Trust (GSOL) and allowed traditional investors to have exposure to the Solana staking yields without having to manage tokens on-chain. The company has already submitted a filing to transform GSOL into an ETF under the Securities Act of 1933, and industry observers believe it will become one of the first Solana-based ETFs with the ability to stake upon approval.
On the other hand, the REX-Osprey Solana + Staking ETF (SSK) recently started trading on the Investment Company Act of 1940. With a direct spot exposure to SOL and staking rewards to shareholders, the fund offers investors an alternative to institutional investors seeking yield-generating exposure to Solana using regulated market vehicles.
Thus, the announcement of such a dramatically low fee strategy by Bitwise is seen as another move towards the increasing competition between the crypto ETF issuers.
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