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fabianwalton

@fabianwalton

The Bitwise Soana Staking ETF, issued by Bitwise Asset Management, was automatically approved for listing on October 28th, during the current US government shutdown, based on the general listing standards for commodity trusts and the exchange's 8-A certification. Its features include: support for cash and physical redemptions, with physical delivery only available for APs; support for Solana to provide additional returns through staking, with 6% of staking returns going to the issuer, custodian, and staking providers, and the remaining 94% included in the ETF's assets; a management fee of 0.20%; and waived management fees and staking commissions within the first three months of listing and for fund size within the first $1 billion.
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