Overview
- The VanEck Solana ETF began trading on November 17 under the ticker VSOL and is listed on the Cboe BZX Exchange.
- The fund’s 0.30% sponsor fee is waived until February 17, 2026 or until assets reach $1 billion, and the initial 0.28% staking provider fee is also waived for the same period.
- VSOL plans to stake a portion of holdings through SOL Strategies’ Orangefin validator, with investor staking rewards reflected in the fund’s net asset value.
- Gemini is the primary custodian with additional custody from Coinbase, State Street handles cash custody and administration, and VanEck seeded the fund with $10 million on October 29.
- The launch enters a market where Bitwise and Grayscale products have captured substantial early inflows even as Solana’s price has dropped more than 20% over the past month.