VanEck Launches Solana Staking ETF Amid Growing Altcoin Fund Market

Van Eck has launched its third US exchange-traded fund (ETF) focused on Solana staking, a move that coincides with the growing popularity of altcoin funds. The VanEck Solana ETF (VSOL), debuting on Monday, joins other similar offerings from Bitwise and Grayscale, which have attracted over $380 million in assets since their launch in late October. 0.3% fees are waived for VSOL until February 17 or when it reaches $1 billion in assets.