VanEck Proposes Solana Staking ETF With 0.30% Fee

VanEck has filed an updated prospectus for its Solana Staking ETF with a 0.30% management fee. The ETF aims to bring institutional access to Solana’s on-chain yield through specified staking rewards by using insured and regulated custody services.

The updated filing is significant as it introduces Solana's staking economy into a U.S. spot ETF, a first for the market, potentially increasing institutional participation.

VanEck's Pioneering Solana Staking ETF

VanEck has introduced an updated prospectus for its Solana Staking ETF (ticker: VSOL), positioning it as a pioneering instrument for direct access to Solana’s spot price changes and staking yields. The ETF, designed to integrate staking rewards, proposes a management fee of 0.30%.

As VanEck Digital Assets LLC spearheads this ETF, the custodianship duties have been assigned to Gemini Trust Company and Coinbase Custody. These custodians will oversee the ETF’s SOL assets within insured and regulated environments. The introduction of the staking rewards distinguishes this ETF.

The ETF will impact the Solana market by increasing institutional interest and enhancing demand for SOL through on-chain staking participation. It facilitates in-kind and cash redemptions, supporting liquidity needs, but no direct impact on other cryptocurrencies like BTC and ETH is noted.

Institutions are anticipated to benefit from the competitive fee structure and additional yield potentials due to regulated third-party providers facilitating staking. This strategic move could alter the dynamics of crypto ETFs in the U.S. market. Potential shifts in SOL demand and staking rates are expected if the ETF secures regulatory approval, influencing the broader market landscape.

"The VanEck Solana ETF seeks to reflect the performance of Solana... The Trust may stake a portion of its SOL through third-party staking providers..." - Matthew Sigel, Head of Digital Assets Research, VanEck, SEC Preliminary Prospectus, June 13, 2025.

Tracking of institutional movements and ETF developments remains essential, with no major pricing effects on Solana indexed as of this review. Financial analysts keep an eye on potential secondary effects like those on liquid staking tokens, which may emerge based on regulatory outcomes.

VanEck's filing follows in the footsteps of earlier ETF models, but the integration of staking rewards through a U.S. spot ETF represents a noteworthy development. Market participants await further regulatory clarifications, which will determine the ultimate impact of this financial instrument on traditional and crypto markets alike.