Bitwise Files Solana Staking ETF with Low Fee, Potentially Reshaping Institutional Investment

Bitwise Asset Management has filed for an ETF focused on Solana staking with the SEC, aiming to capture institutional interest in the cryptocurrency. This move introduces a potentially significant shift in how institutions invest in Solana, offering 0.20% fee and leveraging Coinbase Custody for secure staking operations. This new product could boost market participation for Solana while awaiting official listing and trading. The ETF is backed by Bitwise Investment Advisers and utilizes Coinbase Custody Trust Company as the custodian to handle investor funds securely.