VanEck has launched the US’s third exchange-traded fund (ETF) featuring Solana staking, as more altcoin-tied funds are set to enter the market soon. The VanEck Solana ETF (VSOL) launched on Monday, joining similar funds from Bitwise and Grayscale that debuted in late October and have jointly seen over $380 million in inflows. Like Bitwise and Grayscale’s ETFs, VSOL offers staking yields, where Solana (SOL) is locked up on the blockchain to earn rewards. It has also waived its 0.3% fee until Feb. 17 or until it reaches $1 billion in assets in a bid to compete. This development follows asset managers flooding the market with crypto ETFs after the Securities and Exchange Commission changed its listing standards in September, allowing for faster approvals that don’t require an assessment of each fund. Bloomberg ETF analyst Eric Balchunas said on Monday that the Fidelity Solana ETF (FSOL) is set to launch on Tuesday, competing with three existing similar funds that charge a 0.25% fee. “Easily the biggest asset manager in this category with BlackRock sitting out,” he added.

Dogecoin ETF Could Launch as Soon as Monday

Balchunas said he expects a Dogecoin (DOGE) ETF from Grayscale to launch on Nov. 24, based on an amended regulatory filing earlier this month kicking off a 20-day period where it can launch if the SEC doesn’t respond. The Grayscale Dogecoin Trust (DOGE) is a conversion from its existing fund and would trade on the New York Stock Exchange, which must still file to list the ETF. “We’ll see, won’t be 100% till exchange notice, but based on SEC guidance, it looks good,” Balchunas added. If Grayscale’s fund launches next week, it’ll be the first Dogecoin ETF in the US that will be able to directly hold the memecoin. Asset issuers REX Shares and Osprey Funds jointly launched a DOGE ETF in mid-September, registered under the Investment Company Act of 1940, which limits its investment to a wholly owned offshore subsidiary that holds the cryptocurrency. Bitwise could also see its spot Dogecoin ETF launch late next week, after a change in its regulatory filing for the product on Nov. 6 triggered a 20-day launch timer, unless the SEC intervenes.

Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients. 

Latest news

Saturday, 6 December 2025

Indices

ESMA Expansion Sparks Crypto, Fintech Slowdown Concerns in EU

Saturday, 6 December 2025

Indices

Bitcoin's 'Santa' Rally: Fed Rate Decision and 2026 Outlook

Saturday, 6 December 2025

Indices

Western Union Unveils Stable Card, Stablecoin Strategy to Combat Inflation