VanEck has filed an updated prospectus with the U.S. Securities and Exchange Commission (SEC) for its Solana Staking ETF, setting a management fee of 0.30%, which is highly competitive among crypto-based ETFs. The filing, dated June 13, 2025, outlines that the ETF will provide investors exposure to Solana (SOL) and the rewards generated from staking, integrating yield-based returns alongside market performance.
Staking involves participating in network security and earning rewards, making it attractive for long-term investors. VanEck's move signals strong institutional confidence in Solana's ecosystem, citing its high-speed transactions, low fees, and expanding DeFi presence. Custody partners include Gemini Trust Company and Coinbase Custody, ensuring trusted asset storage, while staking partners may support liquid staking tokens if regulators permit.
Matthew Sigel, Head of Digital Assets Research at VanEck, emphasized, "VanEck’s entry into staking with the Solana ETF signifies institutional confidence in the Solana ecosystem." The ETF, structured as a grantor trust, is under SEC review with no defined approval timeline. If approved, it could enhance Solana's institutional adoption, impact supply dynamics, and improve network security, setting precedents for future hybrid ETFs.
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