Canary just filed Amendment #6 (that's how close we are) for their spot Solana ETF w/ a 0.50% expense ratio but NO CUT of the Solana staking rewards. Bitwise is 20bp exp ratio but 6% of staking rewards (approx 45-50bps extra fee). Because of staking it's going to make the fees trickier to track for these. It reminds me of sec lending in total mkt and small cap ETFs, some firms take cut, others put all of it back into the NAV. Tough to track the data tho and it isn't part of exp ratio. However, it will ALL come out in the Tracking Difference vs Solana which is the TRUE fee but almost no one uses that metric *sigh*(Eric Balchunas)