VanEck has launched its new Solana ETF called VSOL on November 17, 2025, in the United States. According to the press release, the fund gives investors a chance to own Solana tokens and earn rewards from staking. In addition, VanEck will not charge any sponsor fees for the first $1 billion or until February 17, 2026.
However, brokerage fees may still apply depending on the broker. Kyle DaCruz, VanEck’s Director of Digital Assets Product, said, “We’re excited to be launching VSOL and to build on VanEck’s long history of expanding access to digital assets.”
The ETF will work with SOL Strategies as its staking provider. Just recently, SOL Strategies bought Orangefin, a validator, to help stake the Solana tokens. Moreover, these validators are certified and manage over CAD$610 million worth of assets. During the free-fee period, staking fees are also waived. After February 17, 2026, a 0.30% fee will apply on assets over $1 billion.
Solana is known for its fast and low-cost blockchain. It uses Proof of History and Proof of Stake to confirm transactions and pay rewards to validators. Additionally, Kyle DaCruz added, “Solana has quickly emerged as a leading proof-of-stake network, offering speed, scalability, and efficiency that continue to attract developers.”
This comes as Investors continue to move money from Bitcoin and Ethereum products into Solana and XRP ETFs. For example, Bitwise’s BSOL and Grayscale’s GSOL have pulled in a combined $382 million since October 28, 2025.
Furthermore, Solana ETFs also had $12 million in inflows on November 14, 2025. This shows that many people want exposure to networks beyond Bitcoin and Ethereum.
Notably, VanEck has a long history in digital assets. It was the first to file for spot SOL and ETH products and also filed the first futures-based Bitcoin ETF in 2017.
In addition, the company manages more than $5.2 billion in digital asset solutions around the world. VSOL joins other VanEck ETFs like HODL, ETHV, DAPP, and NODE.
That said, this launch offers investors a chance to enter Solana with no sponsor fees for now. It shows VanEck’s focus on making digital assets easier to access for both small and big investors.
