Bitwise has updated its Solana ETF application, adding staking features to provide investors with a way to earn income by supporting the Solana network. The ETF has an annual management fee of 0.20%, which is highly competitive and lower than many competitors. The low management fee is designed to attract more investors and align with Bitwise's Bitcoin and Ethereum ETF pricing. This update will position Bitwise strongly in the growing cryptocurrency ETF market, which is currently awaiting approval from the U.S. Securities and Exchange Commission (SEC).
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