Key Highlights
- VanEck launched the Solana ETF (VSOL), giving investors access to SOL tokens and staking rewards.
- VSOL sponsor fees are waived for the first $1 billion in assets until February 17, 2026.
- SOL Strategies will serve as the staking provider, securing over CAD$610 million in staked assets.
VanEck, an asset management firm, has launched the VanEck Solana ETF (VSOL) to give investors access to SOL, the main token of the Solana network. Investors will also get the rewards from staking SOL, which helps secure the network.
For the first $1 billion in assets or until February 17, 2026, VanEck will not charge a sponsor fee for VSOL. During this time, the staking service provider will also not charge a fee. If assets go over $1 billion before February 17, a 0.30% fee will apply to the extra amount. After that, the fee will be 0.30%. Brokerage fees and commissions may still apply, so investors should check with their brokers.
“We’re excited to be launching VSOL and to build on VanEck’s long history of expanding access to digital assets through thoughtful, investor-focused products,” said Kyle DaCruz, VanEck’s Director of Digital Assets Product.
SOL Strategies as staking provider
VSOL will work with SOL Strategies Inc. as the staking provider. Michael Hubbard, Interim CEO of SOL Strategies, said in a statement, that the firm is “excited to work with VanEck, a firm that has consistently championed the Solana ecosystem.” SOL Strategies runs certified validators that are safe and secure and currently handle over CAD$610 million in staked assets.
VanEck has been active in crypto ETFs for years. The firm was first to file for spot SOL and Ethereum products and launched a futures-based Bitcoin ETF in 2017. It now offers the VanEck Bitcoin ETF (HODL), the VanEck Ethereum ETF (ETHV), and other ETFs like the VanEck Digital Transformation ETF (DAPP) and the VanEck Onchain Economy ETF (NODE).
At the moment, VanEck manages more than $5.2 billion in digital asset products globally. This includes private funds and 29 crypto exchange-traded products in Europe.
The firm also notified users that investments in VSOL, HODL, and ETHV are risky and may not suit all investors. The values of Solana, Bitcoin, and Ethereum are highly volatile, and investors may lose their principal.
In addition, the trusts are not registered under the Investment Company Act of 1940, so they do not have the same protections as mutual funds or standard ETFs.
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