VanEck Roll Out VSOL Solana ETF Amid Rising Demand

Asset manager VanEck has officially launched its VSOL Solana Exchange Traded Fund (ETF). This new investment product is designed to let investors gain exposure to Solana (SOL) in a regulated way. 

The launch comes as Solana (SOL) and XRP are attracting more investors. This shows that people are looking for alternatives to the usual Bitcoin (BTC) and Ethereum (ETH) funds.

VanEck to Offer Zero-Fee Promotion to Attract Investors

According to the announcement, VanEck said it is offering VSOL with no fees to attract more investors. The ETF will maintain a 0% sponsor fee until it reaches US$1 billion in assets or until February 17, 2026. After this introductory period, the fee will revert to 0.30%. 

VanEck has appointed SOL Strategies as the staking partner for the ETF. The staking service provider will also waive fees during this time, giving investors a fully cost-free entry into the Solana ETF market.

Staking operations will be carried out via Orangefin, a validator acquired by SOL Strategies last month. The validators, certified under ISO 27001 and SOC 2, currently stake over CAD$610 million, worth about $437 million in assets.

VanEck Partners with SOL Strategies for Solana Staking

In a recent statement, Kyle DaCruz, VanEck’s Director of Digital Assets Product, commented on the partnership with SOL Strategies. He explained that the company’s institutional-grade processes align with the ETF’s staking model.  

The partnership makes sure staking is done in a regulated and rules-following way, which builds trust with big investors. SOL Strategies said the deal shows how the Solana ecosystem is growing. Interim CEO Michael Hubbard pointed out that there is more demand for regulated Solana staking services. 

He also said the company is still focused on running fast and reliable validator operations. The firm, once called Cypherpunk Holdings, now has 524,000 SOL in its treasury and is focusing on developing the Solana ecosystem.

Solana ETFs Gain Momentum as VanEck Joins the Market

VanEck’s ETF enters a market already seeing strong activity from existing Solana products. Bitwise’s BSOL and recently launched Grayscale’s GSOL have collectively attracted $382 million in inflows since late October. 

Unlike Ethereum and Bitcoin ETFs, which have recorded massive outflows, SOL and XRP products are attracting both regular and big investors. Recent data from SoSo Value shows Solana ETFs received $12 million on November 14 and $46 million over the past week.

The steady daily inflows show that investors want options beyond Bitcoin and Ethereum. VanEck’s new fund adds to Solana’s growing presence in ETFs. At the same time, it reflects a bigger trend of alternative crypto products gaining popularity as investors rethink their choices.