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Tuesday Nov 18 2025 02:10
2 min
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.
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