Asset manager VanEck has officially launched its VSOL Solana Exchange Traded Fund (ETF). This new investment product is designed to let investors gain exposure to Solana (SOL) in a regulated way.
The launch comes as Solana (SOL) and XRP are attracting more investors. This shows that people are looking for alternatives to the usual Bitcoin (BTC) and Ethereum (ETH) funds.
VanEck Offers Zero-Fee Promotion to Attract Investors
According to an announcement, VanEck is offering VSOL with no fees to attract more investors. The ETF will maintain a 0% sponsor fee until it reaches US$1 billion in assets or until February 17, 2026. After this introductory period, the fee will revert to 0.30%.
VanEck has appointed SOL Strategies as the staking partner for the ETF. The staking service provider will also waive fees during this time, giving investors a fully cost-free entry into the Solana ETF market.
Staking operations will be carried out via Orangefin, a validator acquired by SOL Strategies last month. The validators, certified under ISO 27001 and SOC 2, currently stake over CAD$610 million, worth about $437 million in assets.
VanEck Partners with SOL Strategies for Solana Staking
In a recent statement, Kyle DaCruz, VanEck’s Director of Digital Assets Product, commented on the partnership with SOL Strategies. He explained that the company’s institutional-grade processes align with the ETF’s staking model.
The partnership ensures that staking is done in a regulated and rules-following manner, which builds trust with institutional investors. SOL Strategies stated that the deal demonstrates the growth of the Solana ecosystem. Interim CEO Michael Hubbard pointed out that there is increasing demand for regulated Solana staking services.
He also mentioned that the company remains focused on operating fast and reliable validator operations. The firm, formerly known as Cypherpunk Holdings, now holds 524,000 SOL in its treasury and is dedicated to developing the Solana ecosystem.
Solana ETFs Gain Momentum as VanEck Joins the Market
VanEck’s ETF enters a market already experiencing significant activity from existing Solana products. Bitwise’s BSOL and Grayscale’s GSOL, which launched recently, have collectively attracted $382 million in inflows since late October.
In contrast to Ethereum and Bitcoin ETFs, which have recorded substantial outflows, SOL and XRP products are drawing in both retail and large investors. Recent data from SoSo Value indicates that Solana ETFs received $12 million on November 14 and $46 million over the preceding week.
The consistent daily inflows highlight investor interest in options beyond Bitcoin and Ethereum. VanEck’s new fund contributes to Solana's expanding presence in the ETF landscape. Simultaneously, it reflects a broader trend of alternative crypto products gaining popularity as investors reassess their investment strategies.