VanEck Debuts Solana ETF: VSOL Launches with Zero Fees

Executive Summary

• VanEck is launching the VanEck Solana ETF (VSOL) and waiving its sponsor fee for the first $1 billion in assets or until February 17 2026, whichever occurs first.
• The third‑party staking service provider will also waive its fees during this promotional period.
• After the waiver period, a 0.30% annual sponsor fee will apply to all assets (and to any assets above $1 billion if that threshold is reached before February 17 2026).

Key Details

• Fee Waiver: Sponsor fee waived for VSOL at launch on assets up to $1 B or until 17 Feb 2026, whichever comes first.
• Post‑Waiver Fee: 0.30% annual sponsor fee thereafter; also applies to assets exceeding $1 B before the waiver end date.
• Staking Service Waiver: Third‑party staking provider will waive its fees for the same promotional period.
• Product Focus: VSOL provides exposure to Solana’s native token (SOL) and includes staking rewards earned by delegating SOL to validators.
• Launch Context: VanEck previously launched Bitcoin (HODL) and Ethereum (ETHV) ETFs in 2024; VSOL adds a spot Solana offering to its digital‑asset ETF lineup.
• Assets Under Management (AUM): VanEck reports > $5.2 B globally across its digital‑asset solutions and $171.7 B total AUM as of 31 Oct 2025.
• Risk Disclosure: Investors are warned of the high volatility of SOL, potential staking lock‑up periods, counterparty risk with staking providers, and that the Trust is not registered under the Investment Company Act of 1940.

Notable Quotes

“Solana has quickly emerged as a leading proof‑of‑stake network, offering speed, scalability, and efficiency that continue to attract developers and real‑world use cases,” said Kyle DaCruz, Director, Digital Assets Product, VanEck.
“We’re excited to be launching VSOL and to build on VanEck’s long history of expanding access to digital assets through thoughtful, investor‑focused products.”