Breaking: VanEck Launches Solana ETF As Investors Move Funds From BTC and ETH To SOL and XRP

Core Insights - VanEck has launched its Solana ETF, named VSOL, amid a shift of investor capital from Bitcoin and Ethereum to Solana and XRP funds [1][2] - The ETF features a zero-fee promotion until it reaches US$1 billion in assets or until February 17, 2026, after which the fee will revert to 0.30% [2][3] - SOL Strategies has been appointed as the staking partner for the ETF, and it will also waive its fees during the introductory period, creating a cost-free entry for investors [3][4] Company and Industry Developments - SOL Strategies has certified validators with ISO 27001 and SOC 2, collectively staking over CAD$610 million (approximately US$437 million) in assets, which supports VanEck's decision to partner with them [4] - The collaboration between VanEck and SOL Strategies highlights the growing institutional interest in regulated Solana staking services, as noted by SOL Strategies' interim CEO [6] - SOL Strategies has transitioned from Cypherpunk Holdings to focus on Solana ecosystem development, currently holding a treasury of 524,000 SOL [7][8]