Bitwise and 21Shares unveil first staking ETFs in U.S. market

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Bitwise and 21Shares add staking

Bitwise and 21Shares redefine crypto ETF competition

The new Solana Staking ETF (BSOL) from Bitwise marks an important milestone for both the company and the broader ETF sector. The fund, registered with the U.S. Securities and Exchange Commission (SEC) and managed by Bitwise Investment Advisers, will trade on the Cboe BZX Exchange under the ticker BSOL. Its main goal is to give investors exposure to the value of Solana (SOL) while generating additional staking rewards through a trusted validator network. The management fee is set at 0.20%, waived for the first $1 billion in assets over three months—making it one of the most cost-effective products on the market.

Custody of the fund’s assets is provided by Coinbase Custody Trust Company, which maintains segregated accounts to ensure the security of Solana and manage staking operations. Eric Balchunas, an ETF analyst at Bloomberg, noted that Bitwise’s strategy is “not playing around,” emphasizing that low fees have historically guaranteed strong inflows and may trigger a new “fee war” among crypto ETF issuers.

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Meanwhile, 21Shares has upgraded its Ethereum ETF (TETH) by adding staking functionality and waiving its 0.21% sponsor fee for 12 months starting October 9, 2025. The fund tracks the CME CF Ether-Dollar Reference Rate and returns staking rewards to investors, aligning performance with Ethereum’s proof-of-stake mechanism. According to Federico Brokate, Head of U.S. Business at 21Shares, the update represents “the natural evolution of Ethereum investment products” in the U.S. market. With over $12 billion in assets under management and the successful ARK 21Shares Bitcoin ETF already established, the company is strengthening its position as one of the leading institutional crypto fund providers.

Conclusion

The emergence of staking-enabled ETFs marks a key turning point for regulated crypto investing in the U.S. market. By combining blockchain yield generation with the transparency of traditional funds, Bitwise and 21Shares are paving the way for institutional adoption of decentralized finance principles. Analysts believe that as competition grows and demand for passive crypto income rises within compliant frameworks, staking ETFs could define the next stage of crypto-financial evolution—where yield, security, and accessibility converge under one regulated structure.

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