VanEck Debuts Zero-Fee VSOL Solana Staking ETF Against BSOL
VanEck has launched VSOL, a zero-fee Solana staking ETF on Cboe BZX, waiving its 0.30% sponsor fee and 0.28% staking provider fee until Feb 17, 2026 or $1 billion in assets. VSOL integrates on-chain staking via SOL Strategies, using ISO 27001/SOC 2-certified Orangefin validators and custody partnerships with Gemini and Coinbase. The ETF follows SEC’s May 2025 proof-of-stake guidance and joins VanEck’s digital asset lineup alongside HODL Bitcoin and ETHV Ethereum ETFs.
VSOL enters a competitive landscape dominated by Bitwise’s BSOL, which holds 98% of Solana staking ETF inflows with $497 million AUM and a permanent 0.20% fee. BSOL generated $57 million in options volume on day one. Backed by VanEck’s $171.7 billion in managed assets, the zero-fee Solana staking ETF is poised to attract institutional capital, intensify competition with BSOL, drive SOL staking rewards, and offer traders a low-cost, regulated vehicle for Solana exposure.
Bullish
The zero-fee structure of VanEck’s new Solana staking ETF VSOL—waiving both sponsor and staking provider fees until 2026 or $1 billion AUM—directly incentivizes inflows by institutional and retail traders. Positioned against Bitwise’s BSOL, VSOL’s cost advantage and regulatory clarity under SEC’s proof-of-stake guidance should drive short-term momentum as traders reallocate to lower-fee products. Over the long term, increased competition may boost SOL staking rewards and network adoption, reinforcing a bullish outlook for SOL.