VanEck Files First Solana ETF Combining Spot & Staking Rewards

VanEck has filed a groundbreaking Solana exchange-traded fund (ETF) in the U.S., offering investors both spot price exposure and regulated staking rewards through a unique hybrid structure. This first-of-its-kind fund will list under the ticker VSOL on Cboe BZX Exchange and offers secure asset management through Gemini Trust Company and Coinbase Custody. The ETF aims to generate yield while mirroring Solana’s (SOL) price performance, utilizing third-party staking providers like SOL Strategies for optimal performance and compliance.