Bitwise CEO Hunter Horsley believes Solana may outperform Ethereum in the staking ETF market due to its design, offering quicker unstaking times. Ethereum’s withdrawal queue hit record highs, while Solana’s clears faster. Horsley emphasized the need for quick asset returns for ETF issuers. Staking involves locking up cryptocurrency for network security.

Ethereum-based products face delays in withdrawals due to network demand. Bitwise’s Ethereum staking ETP in Europe uses a credit facility to keep redemptions liquid, but with costs and capacity constraints. Liquid staking tokens like Lido’s stETH provide liquidity and rewards. Ethereum’s staking entry queue hit 860,369 ETH, with a 34-day exit queue.

The SEC will decide on Solana and Ethereum ETF applications with staking features soon. Bitwise, Fidelity, Franklin Templeton, and others updated S-1 documents for Solana ETFs. SEC delayed decisions on Grayscale’s Ether staking ETFs. BlackRock’s iShares Ethereum Trust staking approval pushed to Oct. 30. 16 crypto-related funds await SEC decisions.

US government shutdown impacts SEC decisions on crypto ETFs, likely causing delays. Limited staff due to the shutdown may pause ETF decisions. Hunter Horsley’s comments come amid Solana’s potential ETF advantage over Ethereum. SEC delays decisions on crypto-related ETFs, including staking features.

Read more at Cointelegraph: Solana Staking ETFs ‘Almost Certain’ to Launch Before Ethereum