Bitwise Amends Its Solana ETF filing Ahead of SEC approval

Bitwise Asset Management has made some changes in its application to the U.S. Securities and Exchange Commission (SEC) for its planned Solana Exchange Traded Fund (ETF). The updated version includes a staking feature and charges a 0.20% annual management fee. The goal of the move is to make the fund more competitive in the growing market for cryptocurrency exchange-traded funds. 

According to the updated filing, investors will earn staking rewards with the new Bitwise Solana Staking ETF, which will trade under the ticker “BSOL” on the Cboe BZX Exchange. The investors will still be able to see how the price of Solana changes. Staking lets the fund take part in the Solana network’s consensus mechanism, which could help investors get more money.

The 0.20% management fee is the same as what Bitwise charges for its other Bitcoin and Ethereum ETFs. This is part of the company’s plan to keep prices the same for all of its digital asset products. The CME CF Solana–Dollar Reference Rate will be used to find the fund’s net asset value (NAV), which will make the process of valuing the fund clear.

Adding staking to a U.S.-based ETF is a big step forward because it meets the growing demand for crypto products that make money. By combining exposure to SOL with staking rewards, the ETF may draw in both institutional and retail investors who want to get into the digital asset market at a low cost.

New procedures for ETF approvals 

Changes in the law have also simplified the process of creating these types of financial products. In September 2025, the SEC approved new listing standards for crypto ETFs. The move accelerated the process of getting them approved. The change means that Bitwise’s Solana ETF and other funds could start in as little as 75 days instead of the 240 days they had before. 

The approved new standards could dramatically speed up approvals for spot crypto ETFs. The move eliminates the need for the agency to assess each application individually, reducing a process that often took months.

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