VanEck Launches Solana ETF As Investors Move Funds From BTC

VanEck has launched its Solana ETF as investors continue to move capital from Bitcoin and Ethereum products toward SOL and XRP funds. The firm advanced the product by appointing SOL Strategies as its staking partner after filing its 8-A registration with the U.S. Securities and Exchange Commission. 

VanEck Introduces Solana ETF With Zero-Fee Launch Offer

According to a press release, VanEck has launched its VSOL Solana ETF with a zero fee promotion as funds move from Bitcoin and Ethereum products into Solana and XRP. The firm said the sponsor fee will remain at 0% until the ETF hits US$1 billion in assets or expires on February 17, 2026. The fee will then revert to 0.30% once the introductory period ends.

The ETF’s staking service provider will also forgo its fees during that time period, VanEck said. This creates a fully cost-free entry phase for investors and places VSOL as a beneficiary of the increasing demand for Solana-focused investment products.

Meanwhile, SOL Strategies announced it will serve as the staking provider for VanEck’s Solana ETF. Staking will be done through Orangefin, a validator that SOL Strategies bought last month. The validator is part of the firm’s Solana-focused operating stack.

SOL Strategies has certified validators with ISO 27001 and SOC 2. These validators collectively stake over CAD$610 million ($437 million) worth of assets. This service record is what VanEck said supported the company’s decision.

Partnership With SOL Strategies As Staking Validator

SOL Strategies has a history of validator operations, said Kyle DaCruz, director of digital assets product at VanEck. The company’s institutional processes matched the ETF’s staking model, he said. VanEck said it would seek to maintain a regulated and compliance-based staking system for the product.

The collaboration demonstrates a continued evolution of the Solana ecosystem with institutional participation, according to SOL Strategies. Interim CEO Michael Hubbard said the decision underscores increasing demand for regulated Solana staking services. He also confirmed that the firm’s focus would remain on high-performance validator operations.

Last year, the company rebranded from Cypherpunk Holdings. The pivot was prompted by its move to focus on Solana play and ecosystem development. According to information on its website, Sol Strategies now has a treasury of 524,000 SOL.

VanEck’s ETF arrives in a market already seeing strong activity from two existing Solana products. Bitwise’s BSOL and Grayscale’s GSOL have pulled in a combined $382 million of inflows since BSOL started trading on October 28. Such inflows are notable in an environment where other digital asset ETFs are performing less well.

Capital Flows Turn Toward Solana and XRP ETFs

Bitcoin and Ethereum ETFs have had persistent outflows. Meanwhile, SOL and XRP ETFs are still receiving inflows from both retail and institutional investors. According to SoSo Value, Solana ETFs saw $12 million on November 14 and $46 million over the last week.

The Solana ETFs have seen inflows every day that they’ve been on the market. They haven’t had any outflows in that time. The trend indicates demand for exposure beyond BTC and ETH.

VanEck’s Solana ETF now arrives on the same in-flux playing field. The launch is part of a more general trend in alternative digital asset products as investors are re-evaluating market positioning.