VanEck has taken another major step toward launching its spot Solana ETF (VSOL), submitting a fresh amendment to the U.S. Securities and Exchange Commission that introduces a groundbreaking twist, staking.
In a first for any U.S.-listed digital asset fund, the ETF will not only mirror SOL’s market price but also earn on-chain rewards through a regulated staking framework. VanEck said the process will be managed with vetted validators such as SOL Strategies, chosen for uptime reliability and compliance standards.
The proposal outlines a 0.30% management fee, well below industry averages, and includes a 5% liquidity buffer to protect investors during volatile market conditions or Solana network unbonding delays. Gemini Trust Company and Coinbase Custody will oversee secure asset storage, operating under insured, regulated structures.
VanEck’s move signals a broader evolution in ETF design, blending passive exposure with active yield generation. The firm hinted at future plans to integrate liquid staking tokens (LSTs) once regulatory clarity improves, following its recent Lido Staked Ethereum Trust launch in Delaware.
If approved, VSOL could set a new benchmark for crypto investment products, combining institutional compliance with on-chain yield, a model that bridges traditional finance and decentralized innovation.