TLDR
- VanEck has launched the VSOL Solana ETF with a zero-fee promotion for the initial period.
- The ETF will charge no sponsor fees until it reaches $1 billion in assets or until February 17, 2026.
- SOL Strategies has been appointed as the staking partner for VanEck’s Solana ETF.
- The staking service will be provided through Orangefin, a validator recently acquired by SOL Strategies.
- VanEck’s Solana ETF arrives in a competitive market, with Bitwise’s BSOL and Grayscale’s GSOL already attracting substantial inflows.
- VanEck’s collaboration with SOL Strategies aims to provide a regulated and compliance-based staking model for the ETF.
VanEck has launched its Solana-focused ETF, VSOL, as more investors shift from Bitcoin and Ethereum to Solana and XRP. The firm announced the product after filing its 8-A registration with the U.S. Securities and Exchange Commission. The launch includes a zero-fee promotion to attract investors during the initial phase.
VanEck Introduces Zero Fee Structure for Solana ETF
VanEck’s new Solana ETF offers a zero-fee promotion during the initial phase. The sponsor fee will remain at 0% until the ETF reaches $1 billion in assets or expires on February 17, 2026. After this period, the fee will increase to 0.30%.
VanEck stated that the staking service provider, SOL Strategies, will also forgo its fees during the introductory period. This structure allows investors to enter the market without any additional cost. The firm believes this strategy will drive further demand for Solana-focused investment products.
VanEck has selected SOL Strategies to handle the staking for its Solana ETF. Staking will be facilitated through Orangefin, a validator that SOL Strategies recently acquired. SOL Strategies’ certified validators currently manage over CAD$610 million ($437 million) in assets.
VanEck highlighted SOL Strategies’ institutional-grade operations as a key factor in their partnership. The firm’s strong track record in validator operations played a crucial role in the decision. According to Kyle DaCruz, director of digital assets product at VanEck, the collaboration ensures a regulated and compliance-based staking system for the ETF.
VanEck Enters a Competitive Solana ETF Market
The launch of VanEck’s Solana ETF arrives in a competitive market already dominated by two products. Bitwise’s BSOL and Grayscale’s GSOL have already seen $382 million in inflows since October 28. Despite weak performance from Bitcoin and Ethereum ETFs, Solana and XRP ETFs continue to receive strong investor interest.
Solana ETFs have attracted substantial capital, with recent data showing $12 million in inflows on November 14. Over the past week, Solana-focused ETFs saw $46 million in new investments. These inflows suggest continued demand for exposure to assets beyond Bitcoin and Ethereum.
VanEck’s entry into the Solana ETF market highlights growing investor interest in alternative digital asset products. The firm’s new product follows the trend of increasing institutional participation in the Solana ecosystem. With a strong staking partner and an attractive fee structure, VanEck aims to capitalize on this market shift.
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