VanEck Launches Solana ETF “VSOL” with Staking Rewards

VanEck Introduces VSOL ETF

VanEck, a prominent asset management firm, has officially launched the VanEck Solana ETF, ticker symbol VSOL. This new offering provides investors with direct exposure to SOL, the native token of the Solana network, and includes the potential to earn rewards from staking SOL, a process crucial for securing the network.

VanEck has implemented an introductory fee waiver for VSOL. Sponsor fees will be waived for the first $1 billion in assets under management, or until February 17, 2026, whichever comes first. During this promotional period, the staking service provider will also forgo its fees. Should the ETF's assets exceed $1 billion before the specified date, a 0.30% fee will be applied to the amount above $1 billion. Following the introductory period, the standard sponsor fee will be 0.30%. Investors should note that brokerage fees and commissions may still apply, and they are advised to consult with their brokers for specific details.

Kyle DaCruz, VanEck’s Director of Digital Assets Product, expressed enthusiasm for the launch, stating, “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.”

SOL Strategies Appointed as Staking Provider

The VanEck Solana ETF (VSOL) has selected SOL Strategies Inc. to serve as its staking provider. Michael Hubbard, Interim CEO of SOL Strategies, conveyed the firm's excitement in a statement, noting, “SOL Strategies selected as staking provider for the VanEck Solana ETF!” He added that the firm is “excited to work with VanEck, a firm that has consistently championed the Solana ecosystem.” SOL Strategies operates secure and certified validators, currently managing over CAD$610 million in staked assets.

VanEck's Digital Asset Product Portfolio

VanEck has a long-standing presence in the cryptocurrency ETF market. The firm was among the first to file for spot Solana and Ethereum products and previously launched a futures-based Bitcoin ETF in 2017. Its current digital asset offerings include the VanEck Bitcoin ETF (HODL) and the VanEck Ethereum ETF (ETHV), alongside other related ETFs such as the VanEck Digital Transformation ETF (DAPP) and the VanEck Onchain Economy ETF (NODE).

Globally, VanEck manages over $5.2 billion in digital asset products. This extensive portfolio includes private funds and 29 cryptocurrency exchange-traded products available in Europe.

VanEck has also issued advisories regarding the inherent risks associated with investments in VSOL, HODL, and ETHV. The firm emphasizes that these investments may not be suitable for all investors due to the high volatility of Solana, Bitcoin, and Ethereum, which can lead to the loss of principal.

Furthermore, VanEck notes that these trusts are not registered under the Investment Company Act of 1940. Consequently, they do not offer the same level of investor protections typically found in mutual funds or standard ETFs.