Two major crypto ETF issuers are joining the rush to bring crypto asset staking to the U.S.
Bitwise and 21Shares each unveiled updates to their crypto funds on Tuesday, cutting fees and adding staking features for investors, just days after Grayscale became the first to introduce staking in its U.S. Ethereum ETFs.
Bitwise’s latest filing formally renames its product to the aptly titled “Bitwise Solana Staking ETF,” while adding language that allows it to “seek to provide exposure to the value of Solana held by the Trust.”
It also introduces a 0.20% unitary management fee, a single charge that covers all fund operating costs, waived for the first three months on the first $1 billion in assets.
At that rate, the proposed fee undercuts most competing crypto ETF filings, which typically range between 0.21% and 0.25%, and matches the lowest levels seen among approved crypto products.
21Shares, meanwhile, announced enhancements to its 21Shares Ethereum ETF (TETH), adding staking and waiving its 0.21% sponsor fee for 12 months starting October 9.
The move is being touted as a “natural evolution of Ethereum investment products in the U.S. market,” Federico Brokate, head of U.S. business at 21Shares, said in a statement.
By adding staking, the funds would earn small rewards from helping secure blockchains like Solana or Ethereum. Those rewards flow back into the ETF, providing investors with an opportunity to earn additional income from the same assets, rather than relying solely on price gains.
Bitwise declined Decrypt’s request for comment. Decrypt has reached out to 21Shares.
Commenting on Bitwise, Bloomberg senior ETF analyst Eric Balchunas wrote on X that the firm is “not playing around,” adding that low fees have a “near perfect record of attracting investors,” and is a “good sign for inflow potential.”
