{"id":51955,"date":"2025-10-09T13:31:35","date_gmt":"2025-10-09T13:31:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=51955"},"modified":"2025-10-09T13:31:35","modified_gmt":"2025-10-09T13:31:35","slug":"solana-staking-etf-moves-closer-to-sec-approval-after-key-filing","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=51955","title":{"rendered":"Solana Staking ETF Moves Closer To SEC Approval After Key Filing"},"content":{"rendered":"
\n

Bitwise Asset Management has updated its proposed Solana exchange-traded fund (ETF) to explicitly include \u201cStaking\u201d in the fund\u2019s name and disclosed a 0.20% unitary sponsor fee\u2014one of the lowest headline fees yet seen for a US crypto ETF. Bloomberg\u2019s James Seyffart flagged the amendment late Wednesday, writing: \u201cNEW: Bitwise files an update to their Solana ETF filing to include Staking in the name and provides the fee. Fee will be 0.20%.\u201d<\/p>\n

In follow-up posts, Seyffart added<\/a> that \u201cno fee for the first 3 months and for the first $1 billion in AUM [assets under management]\u201d would apply\u2014an aggressive launch incentive mirroring the fee-war playbook that helped turbocharge spot bitcoin ETFs at the start of the year. Eric Balchunas, his colleague at Bloomberg, underscored the move\u2019s competitiveness: \u201cBitwise not playing around, plans to charge just 0.20% for their spot Solana ETF.\u201d<\/p>\n

Solana Staking ETF Launch Date Remains Unclear<\/h2>\n

The amendment signals that issuers and the Securities and Exchange Commission have narrowed outstanding issues on the structure of spot Solana products that incorporate staking, a feature unique to proof-of-stake assets. Earlier in the year, the SEC asked prospective Solana ETF sponsors to submit updated S-1 registration statements<\/a>\u2014widely interpreted as a pre-launch step once substantive policy questions are settled.<\/p>\n

Timing remains the key variable. The US government shutdown<\/a> that began on October 1 has forced the SEC onto skeleton staffing, slowing most non-urgent reviews and stalling a broad slate of securities registrations. With more than 90% of the SEC\u2019s staff furloughed, routine offering and listing processes are largely paused\u2014an overhang that could push back crypto ETF effective dates even as the paperwork advances. As Seyffart put it when asked whether a shutdown would delay approval: \u201cYes. I believe so.\u201d<\/p>\n

Even with that backdrop, Bitwise\u2019s pricing telegraphs a confident, bare-knuckle approach to market share. A 20-basis-point fee places the proposed Solana Staking ETF at or below the lower end of the fee spectrum that helped bitcoin ETFs achieve mass adoption<\/a>, and it lands amid a broader \u201cfee-first\u201d arms race that has repeatedly proven decisive in ETFs\u2019 opening months. Balchunas has long argued that \u201clow fees have an almost perfect record in attracting investors,\u201d a pattern that crypto ETPs have closely followed.<\/p>\n

What happens next will hinge on two tracks. Procedurally, the SEC must allow updated S-1s to go effective before trading can begin; practically, the shutdown will dictate when staff can finalize those reviews. Strategically, Bitwise\u2019s decision to enshrine staking in the fund\u2019s name and to lead with an ultra-low fee sets the competitive tone for rival Solana filings, and\u2014once Washington reopens\u2014positions the product to capitalize on pent-up demand the moment the window clears.<\/p>\n

In parallel to Bitwise, other spot SOL issuers on the SEC\u2019s docket include VanEck, 21Shares, and Canary\u2014each facing final 240-day decision dates on October 16, 2025\u2014alongside Grayscale\u2019s proposed conversion of its Solana trust, which carries an earlier October 10, 2025 deadline. Franklin Templeton\u2019s final date is November 14, 2025, Fidelity\u2019s is December 5, 2025, and an Invesco Galaxy product runs to April 16, 2026. These dates reflect the SEC\u2019s 19b-4 clock that began when Cboe first filed to list the SOL ETFs; S-1 effectiveness would still be required for trading to commence.<\/p>\n

At press time, SOL traded at $227.<\/p>\n

\"Solana<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitwise Asset Management has updated its proposed Solana exchange-traded fund (ETF) to explicitly include \u201cStaking\u201d in the fund\u2019s name and disclosed a 0.20% unitary sponsor fee\u2014one of the lowest headline fees yet seen for a US crypto ETF. Bloomberg\u2019s James Seyffart flagged the amendment late Wednesday, writing: \u201cNEW: Bitwise files an update to their Solana […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-51955","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/51955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51955"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/51955\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}