VanEck expanded its lineup of digital-asset investment products with the launch of the VanEck Solana ETF (VSOL). This new exchange-traded fund is designed to provide investors with direct exposure to Solana’s native token, SOL, along with the staking rewards generated through network participation.
The launch adds another entrant to the growing market for spot Solana ETFs in the United States. Trading has already commenced for the new Solana spot ETF on Nasdaq exchange. The firm disclosed that both sponsor fees and staking-service charges will be temporarily waived under defined conditions, creating a cost-adjusted window for early assets under management (AUM).
Fee Structure and Staking Details
According to VanEck, VSOL will operate without sponsor fees on up to the first $1 billion in assets through February 17, 2026. Once that threshold is surpassed, or after the deadline passes, a 0.30% fee will apply. The ETF’s third-party staking provider will suspend its staking-service charges for the same period.
If assets exceed $1 billion before the deadline, the 0.30% sponsor fee will be applied to the portion above that amount. Brokerage commissions, separate from sponsor costs, may still apply based on individual brokerage policies.
VSOL offers exposure not only to SOL’s market value but also to rewards generated by validators that stake tokens to support the network. Those validators secure the blockchain by verifying transactions and maintaining network operations.
Context Behind the Product Release
The filing follows earlier efforts by VanEck, which was the first firm to submit applications for both spot Solana and spot ether ETFs in the U.S. The company’s digital-asset lineup already includes the VanEck Bitcoin ETF (HODL) and VanEck Ethereum ETF (ETHV), launched in 2024.
It also manages additional products tied to the digital-asset economy, including index-tracking and actively managed ETFs focused on blockchain-related companies. Public comments shared by analyst Nate Geraci noted that VanEck originally led industry filings for a spot Solana ETF and confirmed the fee waiver details.
Another spot sol ETF launching today…
VanEck Solana ETF (VSOL)
Firm is waiving fee on first $1bil AUM or until Feb 2026.
Staking provider also waiving fee for staking services during same period.
VanEck was actually first to file for spot sol ETF. pic.twitter.com/U631mf97UL
— Nate Geraci (@NateGeraci) November 17, 2025
He also reiterated that investments in the firm’s spot Bitcoin, Solana, and Ethereum products involve significant risk, including volatility that could result in complete loss of invested principal. The ETFs do not fall under the Investment Company Act of 1940, meaning they do not receive protections granted to registered investment companies.
The development comes just weeks after Bitwise introduced the first U.S. spot Solana ETF (BSOL). The fund quickly demonstrated strong demand, recording $56 million in day-one trading volume. VanEck will be aiming for a similar reception with VSOL, which has now officially launched on Nasdaq.
The CoinRemark Team
Evans Kelvin
