TLDR:
- VanEck’s fifth Solana ETF amendment fixes a 0.3% fee, confirming its most cost-efficient crypto ETF proposal yet.
- The filing adds plans for staking SOL through multiple providers to optimize uptime, performance, and compliance.
- VanEck Digital Assets, LLC named as the authorized participant, signaling a defined operational framework.
- Community data from @SolanaFloor confirms the ETF’s flexibility to stake SOL once regulatory clarity improves.
VanEck has moved another step closer to launching its Solana spot ETF.
The asset manager filed its fifth S-1/A amendment with the U.S. Securities and Exchange Commission, sharpening terms and finalizing its fee structure. Investors tracking Solana ETFs now have a clearer picture of what VanEck’s plan looks like.
According to the filing, the management fee is set at 0.30%, aligning with competitive ETF rates. The update also confirms VanEck Digital Assets, LLC as the authorized participant and lists Cohen & Company as the attorney on record.
These adjustments position the ETF for compliance clarity as discussions around spot Solana products continue at the regulatory level.
The amendment was flagged on X by @martypartymusic, who pointed to key filing changes referencing fees, legal counsel, and authorized participants.
New Staking Framework Appears in Solana ETF Update
The new version of VanEck’s S-1 introduces staking language for the first time. This section outlines plans to potentially delegate SOL tokens to multiple third-party staking providers once the ETF is operational.
Selection will depend on each provider’s performance, uptime, and compliance record, allowing VanEck to balance yield potential with operational safety.
As shared by @SolanaFloor, the filing explains that staking decisions will follow a measured approach based on network and provider data. It also leaves open the possibility of using more than one staking provider, signaling an effort to minimize concentration risk.
While the document does not commit to staking at launch, it provides flexibility for VanEck to explore this feature in the future, pending market conditions and SEC clarity. This approach reflects growing institutional interest in integrating staking into structured investment products tied to proof-of-stake networks like Solana.
Market Reaction and Outlook
The crypto community responded positively to the update, with Solana trading volume seeing a mild uptick in early sessions.
Investors view the 0.3% fee as competitive, falling below typical ETF management ranges. The new staking framework may further boost long-term yield potential once approved.
VanEck’s continued revisions show steady progress toward regulatory readiness. With each amendment, the firm seems closer to final submission, signaling strong internal alignment on structure, compliance, and operational readiness.
The post VanEck Updates Solana ETF Filing: Here Are the Details appeared first on Blockonomi.
Source: https://blockonomi.com/vaneck-updates-solana-etf-filing-here-are-the-details/