VanEck has officially launched its Solana ETF (VSOL), entering the market at a time when investors are increasingly reallocating capital away from Bitcoin and Ethereum products toward Solana (SOL) and XRP funds. The firm advanced the ETF after submitting its 8-A registration to the U.S. Securities and Exchange Commission and confirming SOL Strategies as its staking partner.
VanEck Debuts Solana ETF With Zero Fees
According to VanEck’s announcement, the VSOL ETF will feature a 0% sponsor fee until it reaches $1 billion in assets or until February 17, 2026, whichever comes first. After the introductory period, fees will reset to 0.30%.
Additionally, the ETF’s staking service provider will waive all fees during the promotional phase, creating a fully cost-free entry window for investors. The move positions VSOL as a leading beneficiary of the growing demand for Solana-based investment products.
SOL Strategies will serve as the ETF’s staking provider, using Orangefin, a validator it acquired recently. Orangefin operates within the company’s broader Solana-focused infrastructure.
SOL Strategies’ validators are certified under ISO 27001 and SOC 2, collectively securing more than CAD $610 million (about $437 million USD) in staked assets. VanEck highlighted this strong operational record as a key reason for the partnership.
Partnership With SOL Strategies Strengthens Institutional Staking
Kyle DaCruz, VanEck’s director of digital asset products, said SOL Strategies’ institutional approach aligns with the ETF’s compliant staking model. VanEck aims to maintain a highly regulated, secure staking structure within the product.
SOL Strategies noted that the collaboration reflects the increasing institutional participation within the Solana ecosystem. Interim CEO Michael Hubbard emphasized rising demand for regulated Solana staking services, confirming the firm’s focus on high-performance validator operations.
The company, formerly known as Cypherpunk Holdings, rebranded after shifting entirely to Solana ecosystem development. It now controls a treasury of 524,000 SOL.
VanEck’s new Solana ETF joins a market already showing strong momentum. Bitwise’s BSOL and Grayscale’s GSOL have attracted $382 million in combined inflows since late October. This comes during a period when many other crypto ETFs are struggling.
Capital Flow Shifts Toward Solana and XRP
Bitcoin and Ethereum ETFs continue to experience heavy outflows, while SOL and XRP products remain in demand. Data from SoSo Value shows that Solana ETFs recorded $12 million in inflows on November 14 and $46 million over the past week.
Solana ETFs have posted inflows every single day since launch, with zero outflows, suggesting strong market appetite for diversification beyond BTC and ETH.
VanEck’s new ETF enters an environment where investor attention is clearly shifting, supporting a broader trend of growing interest in alternative digital asset products.
