VanEck has introduced its latest digital asset product, the VanEck Solana ETF (ticker: VSOL), granting investors direct exposure to Solana's native token (SOL) and staking rewards from securing the network.
To launch, VanEck is waiving the sponsor fee for the first $1 billion in assets or until February 17, 2026, whichever comes first. Beyond that threshold or date, a 0.30% sponsor fee will apply.
Solana’s blockchain is recognized for high throughput and low fees, processing millions of transactions daily across decentralized finance (DeFi), gaming, and NFTs.
It utilizes a Proof of History combined with Proof of Stake consensus, enabling fast block times and efficient validation.
Validators stake SOL tokens to confirm transactions and earn rewards, a key feature integrated into VSOL.
VanEck’s Strategic Move in the Altcoin ETF Market
VanEck’s VSOL becomes the third US ETF offering Solana staking exposure after launches from Bitwise and Grayscale, collectively attracting over $380 million.
VanEck’s fee waiver temporarily makes VSOL stand out in a competitive market moving faster due to recent changes in SEC listing standards.
According to sources on X, other prominent ETFs are also entering the space.
The Fidelity Solana ETF (FSOL) was scheduled for launch on November 18, competing alongside VanEck’s VSOL and others charging roughly 0.25% fees.
The same platform anticipates the first US Dogecoin ETF coming from Grayscale by November 24, signaling broader mainstreaming of altcoin ETFs.
Kyle DaCruz, VanEck’s Digital Assets Product Director, highlighted, "Solana has rapidly become a leading proof-of-stake blockchain, combining speed, scalability, and efficiency, which continue to attract real-world applications and developers. We're proud to expand investor access through VSOL".
VanEck’s Solana ETF joins their family of digital funds, including Bitcoin (HODL), Ethereum (ETHV), the Digital Transformation ETF (DAPP), and the Onchain Economy ETF (NODE).
Together, these funds provide wide-ranging exposure to digital assets and blockchain innovators. VanEck manages over $5.2 billion in digital asset-related products globally.
Investors in VSOL benefit not only from price exposure to SOL but also the staking rewards generated from actively securing the Solana network, with staking fees also waived during the launch period.
This staking integration adds an extra yield element uncommon in many crypto ETFs.