Key Highlights
- VanEck filed its final Form 8-A, signaling its Solana ETF could launch within days.
- Spot Solana ETFs extended their inflow streak to 13 days, reaching $370 million in total inflows.
- The VanEck fund plans a staking strategy (via partner SOL Strategies) to generate yield for investors.
Leading Investment firm, VanEck has taken a step toward launching its spot Solana exchange-traded fund (ETF) in the United States, filing its Form 8-A with the U.S. Securities and Exchange Commission (SEC).
This filing typically appears during the final stages of ETF approval and signals that the product could begin trading within days, or even as early as the next market session if regulators clear it.
Form 8-A filing is used to register a class of securities for trading on a national stock exchange like Nasdaq or NYSE. The submission highlights VanEck’s push to expand its crypto ETF lineup at a time when demand for Solana-based investment vehicles continues to rise.
The firm previously updated its S-1 registration in the previous month, which revealed a 0.30% management fee and outlined a staking plan that would create yield to investors via a partner company, SOL Strategies.
Strong institutional demand fuels Solana ETFs
Investor appetite for Solana remains strong despite broader market volatility. According to SoSoValue data, U.S.-listed spot Solana ETFs recorded their 13th consecutive day of inflows on Thursday, bringing in roughly $1.49 million. Bitwise’s BSOL fund led the day, while Grayscale’s product saw no inflows.
Since BSOL launched on October 28, the two active Solana ETFs have attracted approximately $370 million in combined net inflows. Nearly $200 million entered during the first week of trading alone.
Cooling market sentiment hits Solana price
At the same time, Solana’s market performance has cooled. At press time, SOL was trading near $141.76, down about 9.53% on the day, though it still maintains a market capitalization of roughly $79 billion.
Grayscale also expanded institutional access this week by launching options trading for its Solana Trust ETF (GSOL), offering new strategies for advanced traders.
Crypto ETF activity expands across markets
VanEck’s move comes amid a broader surge in crypto ETF activity late into the fourth quarter. This week, Swiss asset manager 21Shares launched its first U.S. ETFs under the Investment Company Act of 1940, offering diversified exposure to Ethereum, Solana, Dogecoin, and other digital assets through a regulated structure built with Teucrium Trading.
In the meantime, Canary Capital has registered an S-1 filing of a spot MOG Coin ETF, which seeks to introduce one of the fastest-growing memecoins to mainstream financial products.
The Solana ETF market seems to be at a turning point with several filings, increasing inflows, and growing institutional instruments. With its latest filing, VanEck now positions its Solana fund on the verge of launch, which could be among the biggest additions to the U.S. crypto ETF market this year.
Also Read: Canary Capital Launches XRPC, the First U.S. Spot XRP ETF
