Which SOL staking ETF launched today?

TLDR

VanEck Solana ETF (VSOL) launched today and includes staking built into the funds design.

1. Fees are waived until 17 Feb 2026 or $1B AUM, creating a zero?cost window for investors per the launch note. details
2. SOL Strategies will stake the ETFs SOL via its Orangefin validator, targeting regulated, institutional?grade operations. announcement
3. VSOL joins existing Solana ETFs like Bitwises BSOL and Grayscales GSOL already on market. context

Deep Dive

1. Zero?Fee Launch Window

VSOL went live with a sponsor fee of 0.30% and a staking provider fee of 0.28%, both waived until 17 Feb 2026 or until assets reach $1 billion. The fund was seeded with $10 million, and the launch outlines Gemini and Coinbase for custody and State Street for fund administration. launch terms

2. Staking Setup

VanEck selected SOL Strategies to run staking through its Orangefin validator, which holds ISO 27001 and SOC 2 certifications and manages over $437 million in staked assets. The decision emphasizes institutional compliance and performance for a proof?of?stake asset. validator selection

1. SOL Strategies plans to stake the funds SOL holdings under a regulated, audited framework. details
2. Rewards are reflected in the funds net asset value, rather than requiring on?chain operations for investors. launch terms

3. Competitive Landscape

Bitwises Solana Staking ETF (BSOL) launched first on 28 Oct with a 0.20% fee and 100% staking policy; Grayscales GSOL followed with its own staking approach and options trading now active. These funds have drawn steady inflows despite broader market volatility. market summary

1. VanEcks entry widens U.S. ETF choices for SOL exposure with staking economics. launch terms
2. The segment is seeing persistent net inflows amid shifting demand from BTC/ETH products. context

Conclusion

VSOLs launch adds a zero?fee, staking?enabled option for Solana exposure in traditional portfolios, with institutional validators and mainstream custodians supporting the setup. The arrival alongside BSOL and GSOL suggests a growing, durable market for SOL ETFs with yield features, potentially broadening institutional access and improving net returns during the promotional window.