Asset manager Bitwise’s decision to offer a 0.20% fee on its amended US-based Solana ETF application, including staking functionality, could indicate the level of competition among ETF issuers, according to analyst Eric Balchunas. He noted this move may be a strategic effort to secure market share amidst growing demand for crypto-backed ETFs. The decision places Bitwise’s proposed fee in the middle range for most crypto ETFs, which typically fall between 0.15% and 0.25%. “Low fees have a near-perfect record of attracting investors, so it’s a good sign for inflow potential,” Balchunas explained. This move follows years of speculation regarding low fees in the cryptocurrency ETF market.