Overview

• New S-1/A language outlines potential delegation of SOL to multiple third-party staking providers based on performance, uptime, and compliance.
• The staking policy establishes a 5% liquidity buffer intended to support redemptions during periods of market volatility.
• VanEck Digital Assets, LLC is named as the authorized participant and Cohen & Company as counsel, with Gemini Trust and Coinbase Custody listed to safeguard SOL.
• The trust seeks listing on Cboe BZX under the ticker VSOL, but timing remains uncertain under Generic Listing Standards and a government shutdown slowing SEC review.
• VanEck also registered a staked Hyperliquid product and signaled possible use of liquid staking tokens in future funds, subject to regulatory clearance.