VanEck has updated its spot Solana ETF proposal with the U.S. Securities and Exchange Commission, marking its fifth amendment and revealing key new details about how the fund will operate.
The updated filing outlines a 0.30% management fee and introduces a unique staking component – the first regulated structure of its kind in a U.S.-listed digital asset fund.
According to the filing, the VanEck Solana ETF (VSOL) will track SOL’s market price while generating additional returns through staking. To manage this, VanEck plans to work with third-party validators such as SOL Strategies, selected based on uptime, reliability, and compliance.
The firm’s liquidity policy includes a 5% redemption buffer to protect investors during volatile periods, ensuring that unbonding delays in Solana’s network don’t impact withdrawals.
Custody for the fund will be handled by Gemini Trust Company and Coinbase Custody, both operating under regulated and insured frameworks. The ETF’s low 0.30% sponsor fee includes all management expenses except exceptional legal or regulatory costs – making it one of the most competitively priced digital asset ETFs available.
VanEck also indicated interest in expanding into liquid staking tokens (LSTs) once regulators provide a clear path. The company recently launched a Lido Staked Ethereum Trust in Delaware, signaling a broader push toward yield-generating, tokenized fund structures.
Despite the progress, there’s no timeline for SEC approval. Bloomberg’s James Seyffart noted that the application falls under the Generic Listing Standards (GLS), which removes fixed deadlines for decision-making. However, with the U.S. government still partially shut down, the process has temporarily stalled, delaying any potential green light for Solana-based ETFs.
The VanEck Solana ETF represents a major step toward integrating staking rewards into traditional investment vehicles – a development that could bridge the gap between digital asset innovation and regulated finance once federal oversight resumes.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.