Which validator stakes SOL ETF holdings?

TLDR

The named validators are public: VanEcks Solana ETF (VSOL) stakes through SOL Strategies Orangefin validator, and Bitwises BSOL stakes 100% via the Helius validator.

1. VanEck VSOL: staking via SOL Strategies Orangefin validator per an announcement covered by The Block.
2. Bitwise BSOL: 100% of holdings are staked via the Helius validator, with rewards accruing to the fund.

Deep Dive

1. VanEck VSOL Validator

VanEck selected SOL Strategies to stake the ETFs SOL through its Orangefin validator. This was disclosed alongside VSOLs launch and filing updates.

• Reporting confirms SOL Strategies role and that staking occurs through the Orangefin validator, with institutional-grade certifications noted in coverage by The Block.
• Additional launch coverage emphasizes staking as part of the ETF structure, with rewards flowing into NAV as outlined in a report.

2. Bitwise BSOL Validator

Bitwises BSOL discloses that all SOL holdings are staked via the Helius validator, with net rewards accruing to the fund.

• Coverage notes BSOLs 100% staked approach through the Helius validator, alongside its fee details.

3. How To Verify For A Specific ETF

ETF issuers typically identify their staking provider or validator in fact sheets, filings, or launch posts.

1. Check the issuers latest prospectus, 8-A or listing notice for staking provider or validator.
2. Look for press coverage that cites the validator name and whether rewards are added to NAV.
3. If you meant a different Solana product, specify its ticker and I can confirm the validator.

Conclusion

For U.S. SOL funds, VanEck VSOL stakes via SOL Strategies Orangefin, while Bitwise BSOL uses Helius. These setups route staking rewards into fund NAVs, aligning crypto network participation with a regulated ETF wrapper. If you have another SOL ETF in mind, share the ticker and I will verify its validator.