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Bitwise and 21Shares have announced updates to their funds aimed at reducing fees and adding staking features for investors.

Bitwise’s latest filings reveal that its product is now officially called the “Bitwise Solana Staking ETF.” The new language allows it to “seek to provide exposure to the value of Solana held by the Trust.” Additionally, it introduces a unitary management fee of 0–20%. This fee will be waived for the first three months on the first $1 billion in assets, serving as a single charge that covers all fund operating costs. At this rate, the proposed fee is among the lowest for approved crypto products and undercuts most competing crypto ETF filings, which typically range from 0.21% to 0.25%.

Meanwhile, 21Shares has announced improvements to its 21Shares Ethereum ETF (TETH), which includes the addition of staking and the suspension of its 0.21% sponsor fee for a full year starting on October 9. This initiative is being promoted as a “natural evolution of Ethereum investment products in the U.S.,” according to Federico Brokate, the head of U.S. operations at 21Shares.

Staking allows funds to earn small payouts by helping to secure blockchains such as Ethereum and Solana. This means that, instead of relying only on price appreciation, investors can generate additional income from the same assets. They can reinvest those gains into the ETF for further growth.