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according to VanEck’s announcement. SOL Strategies also agreed to waive its 0.28% staking provider fee during the same period. Solana gained 3.2% following the launch announcement.Gemini Trust Company serves as the primary custodian and Coinbase Custody Trust Company provides additional custody services, according to the SEC prospectus filed Nov. 16, 2025. State Street Bank and Trust Company handles cash custody and fund administration. Van Eck Associates Corporation provided $10 million in seed funding on Oct. 29, 2025.SOL Strategies operates the staking infrastructure using its Orangefin validator, which maintains ISO 27001 and SOC 2 certifications, according to the company’s announcement. The firm manages over $437 million in staked assets across its validator network.VanEck filed the first Solana ETF application with the SEC on June 27, 2024, but Bitwise launched its BSOL product first on Oct. 28, 2025. The filing chronology establishes the investment manager as first to submit regulatory paperwork while Bitwise secured first-to-market status by three weeks.The competing Bitwise fund accumulated $497 million in assets and captured approximately 98% of Solana ETF inflows through early November. Options trading launched on Nov. 11, 2025. BSOL charges a 0.20% management fee and stakes 100% of holdings through its Helius validator for net rewards of 7.20%.BSOL recorded $57 million in day-one trading volume, which narrowly trailed Canary Capital’s XRP ETF at $58 million. Bloomberg analyst Eric Balchunas characterized both launches as exceptional among 900 ETFs that debuted in 2025.The staking-enabled ETF structure builds on regulatory clarity the SEC provided in May 2025 regarding proof-of-stake networks. Grayscale added staking capabilities to its Ethereum ETFs in October and filed to convert its GSOL Trust to ETF structure with staking features.VanEck manages $171.7 billion in total assets as of Oct. 31, 2025, with $5.2 billion in digital asset solutions globally. The investment manager previously launched HODL Bitcoin ETF and ETHV Ethereum ETF in 2024.Read original story VanEck Launches Second US Solana Staking ETF With Zero Fees by Zoran Spirkovski at Coinspeaker.comTerms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,627.75 -12.00 (-0.18%)Dow Futures46,124.00 -60.00 (-0.13%)Nasdaq Futures24,525.00 -70.75 (-0.29%)Russell 2000 Futures2,351.00 -4.70 (-0.20%)VIX24.69 +2.31 (+10.32%)Gold4,088.70 +22.20 (+0.55%)PortfolioSign in to access your portfolioSign inTop gainersONDS Ondas Holdings Inc. 7.84 +1.59 (+25.34%)DGNX Diginex Limited 16.20 +2.61 (+19.21%)LGN Legence Corp. 44.93 +4.81 (+11.99%)TMC TMC the metals company Inc. 5.42 +0.54 (+10.95%)SRRK Scholar Rock Holding Corporation 39.81 +3.34 (+9.14%)Top losersNICE NICE Ltd. 105.65 -15.21 (-12.58%)KLAR Klarna Group plc 31.63 -3.25 (-9.32%)PACS PACS Group, Inc. 14.43 -1.27 (-8.09%)SNDK Sandisk Corporation 244.93 -20.95 (-7.88%)GPCR Structure Therapeutics Inc. 34.50 -2.94 (-7.85%)Most activeNVDA NVIDIA Corporation 181.36 -5.24 (-2.81%)ONDS Ondas Holdings Inc. 7.84 +1.59 (+25.34%)PLUG Plug Power Inc. 2.1400 +0.0550 (+2.64%)OPEN Opendoor Technologies Inc. 7.52 -0.32 (-4.08%)BBAI BigBear.ai Holdings, Inc. 5.98 +0.41 (+7.36%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersPLUG Plug Power Inc. 2.1400 +0.0550 (+2.64%)TMC TMC the metals company Inc. 5.42 +0.54 (+10.95%)OLMA Olema Pharmaceuticals, Inc. 20.14 +11.62 (+136.39%)HD The Home Depot, Inc. 336.48 -21.55 (-6.02%)NET Cloudflare, Inc. 196.53 -5.72 (-2.83%)Top economic events