VanEck Launches Third Solana ETF Amidst Growing Competition

Van Eck has launched its third Solana-based exchange-traded fund (ETF), capitalizing on the growing market for these products. This move follows a rapid expansion in the space, with Fidelity and Grayscale already entering the race with their own Solana ETFs. The new ETF, VSOL, offers staking rewards and a temporary fee waiver to entice early adoption.