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2h ago

VanEck Files Form 8-A for Spot Solana ETF, Paving Way for Nasdaq Listing

Investors have poured roughly $370 million into Solana ETFs in recent weeks despite a sharp drop in SOL’s price.

VanEck continued the process of its SOL ETF

Overview

  • VanEck’s Nov. 13 Form 8-A registers the Shares of VanEck Solana ETF under Section 12(b) for Nasdaq, with the S-1 referencing ticker VSOL and industry practice pointing to trading potentially starting within days.
  • The fund will hold SOL directly and value its portfolio using the MarketVector Solana Benchmark Rate.
  • VanEck discloses a 0.30% management fee and a passive approach that avoids derivatives and leverage.
  • The prospectus allows for SOL staking to generate yield only if regulatory and tax reviews permit and operational safeguards are in place.
  • Solana ETFs have logged a multi-day streak of creations with total net inflows around $370 million since Oct. 28, even as SOL fell roughly 10% over the past 24 hours.